The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Soumya Kukreti, daughter of promoter Kollareddy Rama Raghava Reddy, proposes to acquire 7,20,000 equity shares (6.52% of paid-up capital) of Midwest Gold Ltd from her father by way of gift, with no consideration involved. The transaction qualifies as an inter-se transfer among the promoter and his immediate relative and is exempt from making an open offer under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations. After the transfer, the seller's holding will reduce from 62,11,720 shares to approximately 60,11,720 shares, while his percentage holding remains at 56.23%. The acquisition is scheduled to take place on or after April 21, 2025.
This is a neutral event for shareholders — the total promoter group shareholding remains unchanged as the transfer is purely within the family (gift from father to daughter), no open offer is triggered, and no cash leaves the company. The stock is unlikely to see any meaningful price reaction as there is no change in control or dilution.