The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kundan Chhotalal Bhanderi
Awaiting price reaction for this filing.
Kundan Chhotalal Bhanderi, part of the promoter/promoter group of Betala Global Securities Ltd, has filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011. The filing reports an inter-se transfer (transmission) of 84,552 equity shares, increasing his holding from 1.46% (20,016 shares) to 7.61% (89,568 shares) as of 17 April 2025. The mode of transfer is 'inter-se transfer (transmission)', which typically refers to inheritance or family settlement, not a market purchase. The company's total equity share capital remains unchanged at 13,75,000 shares of Rs 10 each, so there is no equity dilution.
This is a passive, non-cash transmission of shares within the promoter family and is unlikely to materially affect the stock price or company fundamentals. Shareholders should note the consolidated promoter stake change, but no new equity has been issued and no cash has changed hands in the market.