Jawahar Lal Oswal�has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
NAHARCAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Jawahar Lal Oswal intends to acquire 13,38,173 equity shares (7.99% of share capital) from fellow promoter Mrs. Abhilash Oswal through an inter-se transfer by way of gift, with no consideration involved. The transaction is exempt from open offer requirements under Regulation 10(1)(a)(ii) of SEBI Takeover Regulations, 2011, and is scheduled for 12th June 2025. Post-transfer, Jawahar Lal Oswal's holding will rise from 0.24% (40,012 shares) to 8.23% (13,78,185 shares), while Mrs. Abhilash Oswal's holding will drop to zero. The aggregate promoter group shareholding remains unchanged before and after the transaction. The 60-day volume weighted average market price of the stock is Rs. 256.98.
This is a purely internal reshuffle within the promoter family with no change in total promoter ownership, so it has no direct impact on minority shareholders or the stock price. However, it consolidates voting power in Jawahar Lal Oswal's hands, which could be relevant for future corporate decisions.