Intimation under regulation 10(5) of SEBI (SAST) regulation 2011, Company received intimation from Promotor and promotor group for the inter-se transfer of shares between them.
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Syschem India has informed the stock exchange about an inter-se transfer of 6,50,000 equity shares (1.49% of share capital) among members of the promoter and promoter group, priced at Rs. 53 per share. The shares will be transferred from Mrs. Ruchika Jain to three promoter acquirers — Mehul Khokhani, Dinesh Khokhani and Virendra Shah. After the transfer, Virendra Shah's stake rises from 10.43% to 11.18%, Mehul Khokhani's from 7.01% to 7.70%, Dinesh Khokhani's from 7.59% to 7.64%, while Ruchika Jain's holding drops from 2.96% to 1.47%. The 60-day volume weighted average price was Rs. 52.03, so the transaction price (Rs. 53) is within the 25% allowable limit. No open offer is triggered as this qualifies for exemption under Regulation 10(1)(a)(ii) of SEBI SAST Rules for transfers between persons qualifying as promoters for at least three years.
This is a routine reshuffling within the promoter family with no change in total promoter shareholding or any open offer obligation. Existing shareholders should not see any material impact on the stock, as control and overall promoter ownership remain unchanged.