BSEMy Money Securities LtdMediumNeutral
Announced Wed, 3 Jun · 16:34 IST

Intimation under Regulation 29(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 as received from Promoter

Ownership Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-6.6%1-day move
₹43.93
prior close
₹45.98
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-4.5-4.5-4.5-4.5-6.6-7.5-6.4-4.4-5.5-17.4-11.2
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AI summary

Mrs. Rajni Seth, a promoter of My Money Securities Ltd, acquired 1,37,050 equity shares (face value ₹10) through transmission following the demise of her husband and co-promoter, Mr. Govind Narain Seth. As a result, her individual shareholding rose from 7,90,300 shares (4.70%) to 9,27,350 shares (5.52%) of the company's paid-up equity capital, crossing the 5% disclosure threshold under SEBI Takeover Regulations. The company clarified that no open offer obligation is triggered since the acquisition qualifies as inheritance under Regulation 10(1)(g). Importantly, there is no change in the aggregate shareholding of the Promoter and Promoter Group, as the shares were simply transferred within the promoter family.

Likely market impact

This is a routine inheritance-driven transmission within the promoter family with no change in total promoter group holding. No impact on stock price or minority shareholders is expected, and no open offer obligation arises.