Pranav Shankar Saboo has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
KDDL · price
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Pranav Shankar Saboo, a member of the promoter group of KDDL Limited, has disclosed an inter-se transfer of 4,00,000 equity shares (3.25% of share capital) by way of gift from Mrs. Anuradha Saboo (also promoter group) to himself. The proposed acquisition date is 27th August 2025, with no consideration involved since it is a gift among promoter family members. After the transfer, Mrs. Anuradha Saboo's holding will drop from 10.26% (12,61,368 shares) to 7.00% (8,61,368 shares), while Pranav Shankar Saboo will move from 0% to 3.25% (4,00,000 shares). The total promoter group holding remains unchanged at 50.43%, as this is simply a reshuffling of shares within the promoter family. The reference 60-day VWAP is Rs. 2,711.15 per share, and no open offer is triggered due to the inter-se transfer exemption.
This is a neutral, housekeeping transaction — a family reallocation of promoter shares with no cash involved and no change in total promoter ownership or control. Shareholders should not expect any material impact on the stock price, and no open offer obligation arises for minority shareholders.