The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sanjay Jain
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Moongipa Capital Finance Ltd has informed BSE about a transmission of 1,48,800 equity shares (1.62% of paid-up capital) from the estate of late Mr. Suresh Chander Jain, a promoter, to his son Mr. Sanjay Jain, who is also a member of the promoter group. Sanjay Jain's individual holding in the company has increased from 7,72,350 shares (8.43%) to 9,21,150 shares (10.05%). The transaction is exempt under Regulation 10(1)(g) of SEBI Takeover Regulations and there is no change in the overall promoter group shareholding. The filing has been made under Regulation 10(6) of the SAST Regulations, 2011.
This is a routine internal family transmission of shares due to the unfortunate demise of a promoter, with no change in the total promoter group shareholding. It is not a market purchase or sale and should have no material impact on the stock price or shareholder structure.