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, ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Simran G. Mehra, a Promoter of Savita Oil Technologies Ltd, is acquiring 83,120 equity shares (0.12% of share capital) from Gautam N. Mehra (as Trustee of Simran Family Trust). The acquisition is pursuant to the dissolution of the Simran Family Trust, with Simran G. Mehra being the sole beneficiary. No monetary consideration is payable as the shares are being transferred to the sole beneficiary. The transaction qualifies for exemption under Regulation 10(1)(a)(ii) as it is an inter-se transfer among Promoters. Simran G. Mehra's holding will increase from 0.22% to 0.34%, while total Promoter & Promoter Group holding remains unchanged at 68.93%.
This is an internal restructuring within the promoter group with no change in overall promoter holding or consideration. The 0.12% increase in Simran G. Mehra's stake is negligible and unlikely to have any material impact on the stock price.