Promoters Varun and Jyoti Kabra to acquire 8.85% stake via inter-se transfer
PLASTIBLEN · price
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On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.2 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoters Varun Kabra and Jyoti Kabra will acquire 23,02,084 shares (8.85%) from promoter entity Kolsite Corporation LLP at market price (60-day VWAP Rs 179). Varun's stake rises from 30.38% to 34.81% and Jyoti's from 6.79% to 11.22%. Total promoter holding stays unchanged at 62.22%. Exempt from open offer as inter-se transfer between promoters.
No change in total promoter control at 62.22%. Internal promoter reshuffle, neutral for outside shareholders.