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, ....
TAJGVK · price
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Mrs. Shalini Bhupal, a promoter of Taj GVK Hotels & Resorts, intends to acquire 1,60,00,400 equity shares (25.52% of paid-up capital) from fellow promoter The Indian Hotels Company Limited (IHCL) at Rs. 370 per share. This is an inter-se transfer within the promoter group, exempt under Regulation 10(1)(a)(ii) of SEBI SAST Regulations. Post-acquisition, Bhupal's stake will rise from 5,000 shares (0.01%) to 1,60,05,400 shares (25.53%), while IHCL's stake will drop from 25.52% to nil. The transaction price (Rs. 370) is below the 60-day volume-weighted average market price (VWAMP) of Rs. 411.53, complying with the 25% price ceiling. Acquisition is expected between 29th–31st December 2025.
No open offer obligation since this is an exempt inter-se promoter transfer with no change in overall promoter group shareholding. Existing shareholders face no dilution or change in control; the share price at Rs. 370 is at a discount (~10%) to the recent VWAMP of Rs. 411.53, indicating the transfer was priced conservatively.