Promoter gifts 5.51 lakh shares to immediate relative, stake rises to 20%
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Mr. Vivek Madhavprasad Jalan will receive 5,51,412 equity shares (0.44% of capital) as a gift from his father Mr. Madhavprasad Govindram Jalan, a fellow promoter and immediate relative. Post-transfer, Vivek's stake rises from 9.62% to 20.06%, while Madhavprasad's holding drops from 10.44% to nil. No price involved as it is a gift. The transaction is exempt from open offer under SEBI Regulation 10(1)(a)(i) for inter-se transfers between immediate relatives. Expected on or after 15 July 2026.
No cash transaction; promoter shareholding is being consolidated within the family. No open offer triggered. Largely neutral for minority shareholders.