The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Murali Malayappan
SHRIRAMPPS · price
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Promoter Murali Malayappan acquired 4,03,402 shares (5.91%) of Shriram Properties Holdings Private Limited via inter-se transfer from Shriram Group Executives Welfare Trust on May 26, 2026. The acquisition was pursuant to SEBI approval under Regulation 11 (SEBI order dated January 12, 2026). Both entities belong to the Promoter Group. Post-acquisition, Malayappan's total holding increased from 13.46% to approximately 19.37%, with the bulk held indirectly (19.29%) through the private limited holding entity. The transaction involved shares of the holding company, not directly listed shares of the target company.
Promoter stake consolidation within the group entities signals confidence in the company. The indirect acquisition route via the holding company structure means listed shareholding percentages remain relatively modest, reducing market impact compared to a direct share purchase.