Promoters to transfer shares among themselves via off-market deal
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Awaiting price reaction for this filing.
Mahalaxmi Seamless has informed that its promoters plan an off-market inter-se transfer of equity shares. This means shares will be moved between members of the existing promoter group, not sold to outside parties. Total promoter shareholding in the company will remain unchanged after the transfer. The intimation is filed under SEBI Takeover Regulations, which exempt such internal promoter reshuffles from open offer requirements. No new money flows in or out of the company from this transaction.
No change in total promoter ownership; routine internal reshuffle, no material impact on minority shareholders or stock price.