The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kollareddy Ranganayakamma
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BSE has received a disclosure under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, filed by Kollareddy Ranganayakamma, who appears to be part of the promoter/promoter group of Midwest Gold Ltd. Regulation 10(6) specifically covers the reporting of inter se transfers of shares between promoter group members, which are exempt from the mandatory open offer requirement. No transaction size, price, or direction (buy/sell) has been provided in the headline. The total promoter shareholding in the company is expected to remain unchanged since this is a transfer within the promoter group rather than an external acquisition or sale.
This is a routine compliance filing for an internal promoter group reshuffle. Shareholders are unlikely to see any meaningful change in promoter ownership or stock price, as inter se transfers do not alter the aggregate promoter holding in the company.