Central India Industries Ltd 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.
ORIENTELEC · price
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Orient Electric's promoter group member Central India Industries Limited will acquire an aggregate of 10,00,000 equity shares (0.47% of equity capital) from four other promoter group entities — Amer Investments (Delhi) Ltd, National Engineering Industries Ltd, Bengal Rubber Company Ltd, and India Silica Magnesite Works Ltd. The largest chunk is 5,37,400 shares (0.25%) from National Engineering Industries Ltd. The transaction is part of an internal promoter group restructuring, with the acquisition price capped within SEBI's prescribed range (not more than 25% above the 60-day VWAMP of Rs 228.36). Post-transfer, Central India Industries' stake in Orient Electric will rise from 24.63% to 25.10%. The deal is exempt from an open offer under Regulation 10(1)(a)(ii) and is expected to be executed on or after June 27, 2025.
This is a reshuffle within the promoter family, not a change in overall promoter ownership. No open offer trigger and no impact on public shareholders' stake. Net effect on the stock is neutral, though it signals promoter group consolidation.