The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Paramount Park Ltd
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Promoter group entity Paramount Park Ltd has disclosed an internal restructuring within the Thakral promoter group, acquiring 62,29,200 shares (about 53% of the company) from two fellow promoter entities — Thakral Investments Holdings (Mauritius) (22,00,000 shares, 18.75%) and TIL Investments Pvt Ltd (40,29,200 shares, 34.33%) — at INR 13.80 per share via off-market transfer. After this consolidation, Paramount Park Ltd's stake in Thakral Services rises from 20.92% to 74% of the diluted share capital. The total promoter group ownership of the company does not change, as this is purely a reshuffle of holdings among promoter entities. The original acquisitions by the transferors date back to 2000 and 2001. No open offer is triggered because the exemption under Regulation 10(1)(a)(i) applies for inter-promoter transfers.
This is an internal promoter group reorganisation with no change in ultimate beneficial ownership, so there is no material impact on minority shareholders or the stock price. It simply consolidates a larger stake under one promoter entity (Paramount Park Ltd).