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, ....
OBCL · price
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Mr. Ravi Agrawal, Promoter and Managing Director of Orissa Bengal Carrier Ltd, plans to acquire 9,35,000 equity shares (4.434% of share capital) from Rishi Kumar & Sons (HUF), another promoter group entity, via an off-market transfer on or after June 25, 2025. The deal is priced at the prevailing market price, with the 60-day VWAP reference at Rs. 54.37 per share. After the transfer, Ravi Agrawal's individual holding will rise from 82,69,300 shares (39.22%) to 92,04,300 shares (43.65%), but the total promoter and promoter group holding will stay unchanged at about 68.68%. The transaction is exempt from open offer requirements under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011 as it is an inter-se transfer within the promoter family.
No change in overall promoter ownership means no takeover trigger or dilution for minority shareholders. The reshuffling consolidates more voting power with the Managing Director, which is a neutral to mildly positive signal showing promoter confidence in the company.