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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Jitendra Manohardas Thakker, an immediate relative of the promoter of Thakkers Group Ltd, will acquire 2,25,000 equity shares (14.21% of total share capital) from two family members — Narendra Manohardas Thakker (brother, 75,000 shares, 4.74%) and Pallavi Chetan Batavia (sister, 1,50,000 shares, 9.47%). The transfer is by way of gift and is exempted from open offer requirements under Regulation 10(1)(a)(i) of SEBI Takeover Regulations as it is between immediate relatives within the promoter group. No money changes hands. After the transfer, Jitendra will hold 14.21% of the company, while the total promoter group holding remains unchanged at 41.91%.
Since this is a mere reshuffle of shares among promoter family members via gift with no change in overall promoter holding, there is no real impact on shareholders or the stock price. The 41.91% promoter group stake remains well below 50%, meaning the company could see a change in control if promoter shareholding further dilutes.