Mrs. Apoorva Murkumbi and Dr. Vidya Murkumbi 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.
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Ravindra Energy Limited's promoters and promoter group members are gifting 8,50,000 equity shares (0.48% of total capital) to their immediate relatives. Mrs. Apoorva Murkumbi (Promoter Group) is gifting 5,00,000 shares to her brothers Mr. Aalok Wadhwa and Mr. Abhay Wadhwa (2,50,000 each). Mrs. Supriya Rojekar (Promoter) is gifting 2,50,000 shares to her son Mr. Dhruv Rojekar. Dr. Vidya Murkumbi (Promoter) is gifting 1,00,000 shares to her sister Mrs. Anuradha Ravindra Kulkarni. The transaction is scheduled for June 27, 2025, and is fully exempted from the open offer requirement under Regulation 10(1)(a)(i) as it is a transfer among immediate relatives. The 60-day volume-weighted average price was Rs. 138.82 on NSE and Rs. 139.60 on BSE. No cash consideration is involved as it is a pure gift transfer.
This is an internal family reshuffle of shareholding with no change in the overall promoter group control or voting power. Since it is a gift transaction, no cash flows occur and no open offer obligation arises, meaning minimal direct impact on minority shareholders or the stock price.