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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Mr. Raj Kotia, a promoter of Sungold Media and Entertainment Ltd, is acquiring 9,01,090 equity shares (8.19% of share capital) from Shree Krishna Infrastructure Limited, another promoter-group entity, at Rs. 11.00 per share. The transaction is an inter-se transfer among qualifying promoters under Regulation 10(1)(a)(i) of SEBI SAST Regulations, exempting the acquirer from making an open offer. After the deal, Mr. Kotia's stake will rise from 38.97% to 47.16%, while Shree Krishna Infrastructure Limited will exit entirely (from 8.19% to 0%). The company's shares are infrequently traded on the exchange. No fresh capital is coming into the company — this is purely a reshuffling of shares within the promoter group.
Total promoter-group holding remains unchanged; this is an internal rebalancing rather than a change in control. Mr. Kotia's individual stake rises close to but stays below the 50% takeover trigger, signalling continued promoter commitment without any dilution or new buying from the market.