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, ....
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Promoter Sunil Deepchand Parakh is acquiring 3,21,110 shares (5.63%) of Poona Dal and Oil Industries from Sunil D Parakh HUF (another promoter entity) via an inter-se transfer at zero price. Post-transfer, Sunil Deepchand Parakh's holding will rise from 5.02% (2,86,600 shares) to 10.65% (6,07,710 shares), while the HUF's holding will go to nil. The transfer qualifies for exemption from open offer under Regulation 10(1)(a)(i) and 10(1)(a)(ii) of SEBI Takeover Regulations. The reference 60-day VWAP was Rs. 64.49, though no cash is being exchanged as this is an internal promoter reshuffle.
This is a neutral event for minority shareholders — it is merely a reshuffling of shares within the promoter family (individual to HUF or vice versa), so total promoter ownership stays unchanged. No open offer obligation is triggered, and since the price is nil, no cash flows into or out of the company.