The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vijay Nanaji Dhawangale
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Vijay Nanaji Dhawangale has filed a disclosure under SEBI's Takeover Regulations regarding a transfer of shares in One Global Service Provider Limited. The cover letter states the shares were transferred by way of gift to M/s. AVD Trust, though the formal annexure lists the mode as 'Open Market.' His individual holding has dropped sharply from 10,51,021 shares (14.79%) to just 23,689 shares (0.33%) — a reduction of 10,27,332 shares (14.46 percentage points). The recipient AVD Trust is not identified in the disclosure as a promoter-group entity or outsider. Total share capital of the company remains 71,04,707 equity shares of face value Rs. 10.
Since the shares appear to have moved to a trust entity, this is likely an internal promoter-group reshuffle rather than an open-market sale, and is generally viewed as neutral for shareholders. However, investors should watch for any follow-up disclosure clarifying whether AVD Trust is part of the promoter group, as that will determine if overall promoter holding has actually changed.