Jawahar Lal Oswal has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
NAHARCAP · price
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Promoter Jawahar Lal Oswal acquired 13,38,173 equity shares (7.99%) of Nahar Capital and Financial Services from his wife Mrs. Abhilash Oswal, also a promoter, through an off-market inter-se transfer by way of gift with no monetary consideration. Post-transaction, Jawahar Lal Oswal's holding rose from 0.24% (40,012 shares) to 8.23% (13,78,185 shares), while Mrs. Abhilash Oswal's holding fell to zero. The disclosure was filed under Regulation 10(6) of SEBI (SAST) Regulations, 2011, exempting the acquirer from making an open offer as the transfer is within the promoter family.
Since this is an internal reshuffle within the promoter group (a gift from spouse to spouse), the total promoter holding in the company remains unchanged. There is no direct impact on shareholders or stock price, though the change consolidates ownership under Mr. Jawahar Lal Oswal individually.