Adarsh Somani 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.
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Promoters Adarsh Somani and Hazarimal Somani Partnership Firm, along with persons acting in concert, are acquiring around 1.62 crore equity shares (10.31% of share capital) from eight other promoter family members as part of a Memorandum of Family Settlement to end family disputes. Some shares are priced at ₹54.54 per share (or prevailing market price), while transfers from Namrata Somani, Varun Somani, Surendra Somani, and Vandana Somani are gifts without consideration. The proposed acquisition date is September 1, 2025, with transfers to be completed within two years. After the transaction, the acquirer group's holding rises from 30.60% to 40.91%, while the sellers' combined stake drops from 11.93% to 1.61%. No open offer is triggered as this qualifies as an inter-se promoter transfer under Regulation 10(1)(a)(ii). The agreed price of ₹54.54 is about 16% above the 60-day VWAP of ₹46.89 on NSE.
This is purely a reshuffle of shares within the promoter family with no change in overall promoter control (total promoter holding remains around 42.5%). Shareholders are unlikely to see a meaningful stock price impact since no open offer is triggered and no new money enters the business. The ₹54.54 per-share price may act as a soft informal reference level for the stock.