Praj Industries Limited has informed the Exchange regarding 'Disclosure of inter-se transfer of shares between the Promoters/ Promoter Group under Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011'.
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Praj Industries has disclosed an internal transfer of shares between entities within its Promoter and Promoter Group, filed under Regulation 10(5) of SEBI's Takeover Regulations, 2011. Such inter-se transfers are between existing promoter-group members and are exempt from the open offer requirements of the takeover code. The overall promoter shareholding in the company remains unchanged; only the distribution of shares within the promoter group has shifted. No new promoter has been added and no outsider has acquired shares in this transaction.
This is largely a bookkeeping or internal restructuring move within the promoter family and is typically neutral for retail shareholders. Stock price is unlikely to be materially affected unless the transfer signals a future change in promoter control or stake dilution.