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, ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Jignesh Ramniklal Sheth, Promoter and Managing Director of Multiplus Holdings Ltd, will acquire 4,69,000 equity shares (24.95% of share capital) from his late spouse Krishna Jignesh Sheth through transmission of shares. The transmission is being processed following her demise on 9th December 2013, more than a decade ago. No price is payable since this is a transmission (estate transfer), and the transaction is exempt from making an open offer under Regulation 10(1)(g) of SEBI SAST Regulations. Post-transaction, Jignesh's individual holding rises from 4,66,500 shares (24.81%) to 9,35,500 shares (49.76%). The total promoter and promoter group holding remains unchanged at 57.64%, as the shares simply shift from one promoter family member to another.
This is a non-cash, intra-family transfer of shares with no impact on total promoter group ownership or stock price. It consolidates shares in the hands of the active Managing Director, bringing his individual holding just below the 50% mark.