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, ....
ROSSELLIND · price
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Samara Gupta, a promoter of Rossell India Ltd, has informed the exchanges of her plan to acquire 35,79,170 equity shares (9.49% of share capital) from her father and fellow promoter Mr. Harsh Mohan Gupta through an off-market inter-se transfer by way of gift. No consideration is involved as it is a gift between immediate relatives. The transfer is exempted from the open offer requirement under Regulation 10(1)(a)(i) and 10(1)(a)(ii) of SEBI's SAST Regulations, 2011. After the transaction, Samara Gupta's holding will rise from 15,536 shares (0.04%) to 35,94,706 shares (9.54%), while Harsh Mohan Gupta's holding will reduce from 1,48,88,113 shares (39.49%) to 1,13,08,943 shares (30.00%). The aggregate promoter group shareholding of around 74.80% remains unchanged since this is purely an internal family reshuffle.
No material impact on the stock price or non-promoter shareholders — this is a family-level internal reorganization with no change in total promoter control and no cash transaction involved.