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Awaiting price reaction for this filing.
The existing promoters and promoter group of Kuberan Global Edu Solutions are exiting and getting reclassified as public shareholders following a Share Purchase Agreement signed on 30 October 2024 with acquirer Hathor Corporate Advisors LLP and Person Acting in Concert (PAC) Plutus Capital Management LLP. So far, 2,134 shares (0.10% of the company) have been transferred from three promoter group members (Krishnan C HUF, K Chandramouleeswaran HUF, and Krishnachandran C), after which their holdings are reduced to zero. The acquirer currently holds 2,134 shares (0.10%) and the PAC holds 1,06,000 shares (5.03%) of the company. The transfer of the remaining promoter and promoter group shares is still in progress, with further intimations to follow.
This is a complete promoter exit with the existing promoter group being reclassified to public category, which means there is a change of control in the company. Shareholders should watch for further disclosures as the rest of the promoter shares are transferred, and assess the acquirer's plans and intentions going forward.