Shakti Sons Trust has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
SHAKTIPUMP · price
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Awaiting price reaction for this filing.
Shakti Sons Trust, a promoter of Shakti Pumps, will acquire 19,15,055 equity shares (99.95%) of Roulex Investment & Finance Pvt Ltd as a gift from Mr. Dinesh Patidar (Chairman & Whole-time Director). Roulex holds 19.92% in Shakti Irrigation India Limited (part of the promoter group), which in turn holds 4.53% in Shakti Pumps. This results in an indirect acquisition of only 0.90% equity in Shakti Pumps. SEBI has granted an exemption under Regulation 11(5) of the Takeover Regulations, so no open offer is required. The shareholding pattern of Shakti Pumps will not change before or after this transaction. The rationale is succession planning and protecting the promoter's family from future disputes.
Neutral for shareholders. This is purely an internal promoter group restructuring with no change in Shakti Pumps' shareholding pattern, no cash outflow, and no impact on control or management. Investors should view this as a housekeeping/succession event rather than a material corporate action.