The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(ii)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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M Balasubramaniam, a promoter of Sakthi Finance Ltd, acquired 8,99,636 equity shares (1.39% of total capital) at Rs 47 per share, totaling Rs 4.22 crore, from ABT Finance Limited (a promoter group company) on March 28, 2025. This was an off-market inter se transfer within the promoter and promoter group, exempting the acquirer from making an open offer under Regulation 10(1)(a)(ii). After the transfer, M Balasubramaniam's individual holding rose from 0.30% to 1.69%, while ABT Finance's stake fell from 5.15% to 3.76%. The total promoter group shareholding remains unchanged at 67.02% of the company.
This is an internal reshuffle among promoters and does not change the overall promoter group ownership in the company. Shareholders should see no impact on total promoter control or voting power, as it is merely a redistribution of shares between promoter entities and individuals.