The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for G S Sarojini
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G S Sarojini, a member of the promoter group of Jumbo Bag Limited, has filed a disclosure under SEBI's Takeover Regulations for an inter-se transfer of shares via gift (off-market). The holding decreased from 36,630 shares (0.043%) to 12,210 shares (0.014%), meaning 24,420 shares (0.029%) were transferred out. The total share capital of the company remains unchanged at 8,37,37,000 shares. Since this is a transfer within the promoter group (gift), there is no change in overall promoter control of the company.
This is a routine internal reshuffling within the promoter family via a gift and has no material impact on the company's promoter control or stock price. The quantum is negligible (under 0.05%).