Keynote Financial Services Limited 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.
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Mr. Vineet Suchanti, a promoter of Keynote Financial Services, has filed a Regulation 10(5) disclosure about acquiring 145,040 equity shares (41.44%) of NSS Digital Media Limited, which in turn holds 55.91% in Keynote. The acquisition is done through a gift transfer of 44,800 shares (12.80%) from Mr. Vivek Suchanti and an HUF partition transferring 100,240 shares (28.64%) from Nirmal Suchanti HUF to Mr. Vineet Suchanti. No monetary consideration is involved since it is an off-market gift and HUF dissolution. The transaction qualifies for exemption from an open offer under Regulation 10(1)(a)(i) and (ii) of SEBI SAST Regulations because the aggregate promoter and promoter group holding in Keynote remains unchanged at 55.91% before and after the transaction. Mr. Vineet Suchanti's indirect control over Keynote will rise to 55.87% as a result.
This is a purely internal reshuffling within the promoter family of Keynote Financial Services and does not change the total promoter group ownership or public shareholding. Retail investors should see no impact on share price or voting control, as no open offer is triggered and no new shares are being introduced to the market.