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, ....
NIBL · price
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Awaiting price reaction for this filing.
Promoter Devesh Singh Sahney will acquire a total of 4,31,782 equity shares (1.78% of share capital) from fellow promoters Ambita Sahney (3,73,175 shares at ₹30.30) and Jasmine Sahney (58,607 shares at ₹29.89) through an off-market inter-se transfer. After the deal, Devesh's holding rises from 14.47% to 16.25%, while both sellers go to zero. The transfer prices are within 25% of the 60-day VWAP of ₹28.29 on NSE. The acquisition is exempt from open offer requirements under Regulation 10(1)(a)(ii) of SEBI SAST Regulations, with the deal expected on or after 10 June 2025.
Since this is a reshuffling within the promoter family, total promoter shareholding remains unchanged — minimal direct impact on stock price. However, it signals consolidation of voting power in Devesh Singh Sahney's hands within the promoter group.