The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Harshvardhan Patil
KOLTEPATIL · price
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Mr. Harshavardhan Naresh Patil acquired 990,522 shares (1.12% of diluted share capital) of Kolte-Patil Developers Ltd from Mrs. Vandana Naresh Patil through an inter se transfer by way of gift, exempt under Regulation 10(1)(a) of SEBI Takeover Regulations. Post-transaction, Mr. Harshavardhan Patil's holding rose from 2.15% (19,11,623 shares) to 3.27% (29,02,145 shares). Mrs. Vandana Patil's holding correspondingly reduced from 6.54% to 3.27%, as she simultaneously transferred shares to another immediate relative. No monetary consideration was involved, and no open offer obligation was triggered.
This is a neutral internal restructuring within the promoter family and does not change the total promoter shareholding or the free float of the stock. Shareholders should expect no material impact on stock price or voting control.