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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Riaan Ventures Private Limited, part of the promoter group of Shradha AI Technologies Ltd, proposes to acquire 25,99,555 equity shares (4.26% of share capital) from fellow promoter group entity SGR Holdings Private Limited at Rs. 38.40 per share through an off-market inter-se transfer. The transaction, valued at roughly Rs. 9.98 crore, is exempt from open offer obligations under Regulation 10(1)(a)(ii) of SEBI SAST Regulations as both parties belong to the promoter group. The 60-day VWAP on BSE was Rs. 38.46, making the acquisition price within the permissible 25% band. After the deal, Riaan Ventures' holding will rise from 4.35% to 8.61%, while SGR Holdings will exit completely (from 4.26% to nil). Total promoter group shareholding remains unchanged as this is merely an internal reshuffle.
No change in total promoter shareholding or open offer trigger — purely an internal reshuffle among promoter group entities. Minor shareholding pattern shift within the promoter group; unlikely to materially impact stock price or minority shareholders.