Shalini Bhupal has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
TAJGVK · price
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Shalini Bhupal, part of the promoter group, has acquired 1,60,00,400 shares (25.52% of the diluted share capital) of Taj GVK Hotels from The Indian Hotel Company Limited at Rs. 370 per share, taking her holding from 0.01% to 25.53%. The transaction, dated December 30, 2025, is an inter se transfer within the promoter/promoter group, exempt from an open offer under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011. Post-transfer, Indian Hotels Company holds zero shares in the company, while Shalini Bhupal becomes a major individual shareholder in the promoter group. The total deal value is approximately Rs. 592 crore based on the disclosed price.
Since this is only a reshuffling of shares within the existing promoter group (no change in ultimate promoter control), there is no material impact on minority shareholders or the stock price. Shareholding pattern of the promoter group remains intact overall.