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, ....
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Awaiting price reaction for this filing.
Nirav Commercials Ltd has informed the stock exchange about a proposed internal reshuffling of promoter family shareholdings. Sons of promoter Lalit Kumar Daga — Shailesh Daga and Raghav Daga — will acquire a combined 80,366 equity shares (20.50% of share capital) from five promoter group entities (including their father, mother, and three Hindu Undivided Families) via gift/inter-se transfer. Shailesh Daga's holding will rise from 2.29% to 12.84%, while Raghav Daga's stake will increase from 4.24% to 14.18%. The transaction is exempt from open offer requirements under Regulation 10(1)(a)(ii), as it is a transfer within the promoter family. Importantly, the aggregate promoter and promoter group holding remains unchanged at 27.02% before and after the transfer, meaning no change in overall promoter control. No price is involved since this is a gift transfer, and the acquisition is expected on or after 30 June 2025.
This is a neutral event for retail shareholders — it is merely a reorganization of shares within the promoter family via gift, with no change in total promoter ownership or voting control. The stock price is unlikely to be affected as no new shares are issued and no outside party is acquiring a stake.