The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Netizen Properties Pvt Ltd
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Netizen Properties Private Limited has disclosed the acquisition of 86,84,200 shares (74%) of Thakral Services India Ltd from Paramount Park Limited. This is an intra-group transfer where the same person (Gurmukh Singh Thakral) holds not less than 50% in both companies, qualifying for exemption under Regulation 10(1)(a)(i) of SEBI SAST Regulations. The shares were transferred via off-market transactions at INR 15.25 per share. The acquisition was done in two tranches - 24,55,000 shares (20.92%) and 62,29,200 shares (53.08%) of the diluted share capital. The disclosure was made on May 6, 2026 as required under Regulation 10(5), and this filing confirms completion on May 21, 2026. Since this is an exempt category transfer, no open offer was triggered.
No change in actual control or beneficial ownership as this is an internal restructuring between entities controlled by the same person (Gurmukh Singh Thakral). The 74% promoter holding remains unchanged, so no immediate impact on minority shareholders or stock price is expected from this filing.