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, ....
QUICKHEAL · price
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Awaiting price reaction for this filing.
Promoter Sneha Kailash Katkar is acquiring 33,19,498 equity shares (6.14% of share capital) of Quick Heal Technologies from Anupama Kailash Katkar, another promoter and 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)(i). After the deal, Sneha Katkar's holding will rise from 0.68% to 6.83%, while Anupama Katkar's holding will fall from 20.68% to 14.53%. The aggregate promoter and promoter group holding remains unchanged at approximately 21.36%. The acquisition price is at prevailing market price, with the 60-day VWAP benchmark being Rs. 364.30, and the stated rationale is re-organizing of investments.
No change in total promoter ownership means this is a neutral reshuffle of stakes within the promoter family and should not materially affect the stock price. However, the shift concentrates more voting power with Sneha Katkar, which investors may track for any future corporate decisions.