Sneha Kailash Katkar 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.
QUICKHEAL · price
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Promoter Sneha Kailash Katkar will acquire 33,19,498 equity shares (6.14%) of Quick Heal Technologies from another promoter, Anupama Kailash Katkar (her immediate relative), through an open market block deal. The transaction is an inter-se transfer among promoters and is exempt from open offer requirements under Regulation 10(1)(a). Post-transaction, Sneha's holding will rise from 0.68% to 6.83%, while Anupama's will fall from 20.68% to 14.53%. The aggregate promoter and promoter group holding remains unchanged. The rationale cited is re-organisation of investments, and the price will be the prevailing market price, capped at 25% above the 60-day VWAMP of Rs. 364.30.
This is a reshuffle within the promoter family and does not change the total promoter stake in the company, so there is no material impact on the shareholding pattern or stock price. It signals internal portfolio rebalancing among promoters rather than any change in control or confidence.