The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for M Balasubramaniam
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
M Balasubramaniam, a promoter of Sakthi Finance Ltd, acquired 8,99,636 equity shares (1.39% of the company's share capital) from ABT Finance Limited, another promoter group entity, at ₹47 per share, amounting to ₹4.23 crore. The transaction was executed on 28 March 2025 as an inter se transfer under Regulation 10(1)(a)(ii) of SEBI Takeover Regulations, which exempts such transfers among promoter group companies from triggering an open offer. After the deal, M Balasubramaniam's holding rose from 0.30% (1,92,000 shares) to 1.69% (10,91,636 shares), while ABT Finance's stake dropped from 5.15% (33,31,162 shares) to 3.76% (24,31,526 shares).
This is a reshuffling of shares within the promoter group — the total promoter holding remains unchanged and no open offer obligation arises. Neutral event for shareholders; the stock price is unlikely to be materially affected.