Inter-se promoter transfer - Refex Holding buys 30.94% stake from Avyan Pashupathy
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Refex Holding Pvt Ltd (promoter) to acquire 13.91 lakh equity shares (30.94% of paid-up capital) from Avyan Pashupathy Capital Advisors (also promoter) via inter-se transfer at Rs 142.47 per share. Post-transfer, Refex Holding stake rises from 43.92% to 74.86%, while Avyan Pashupathy exits to zero. Total promoter group holding unchanged at 74.86%. Deal exempt from open offer under Reg 10(1)(a)(ii). 60-day VWAP was Rs 274.89. Stated rationale is internal promoter restructuring.
Internal promoter reshuffle, total promoter stake unchanged at 74.86%. Transfer price of Rs 142.47 is well below 60-day VWAP of Rs 274.89.