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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Mr. Arvinder Singh Pasricha, a promoter of Thrive Future Habitats Ltd, has informed the BSE about his proposed acquisition of 3,00,000 equity shares (3.14% of share capital) from his daughter Mrs. Aman Pasricha Balsara, also a promoter. The transfer is by way of gift (nil consideration) and qualifies for exemption from an open offer under Regulation 10(1)(a)(i) of the SEBI Takeover Regulations, 2011, being an inter-se transfer between immediate relatives. Post-transfer, Mr. Pasricha's holding will rise from 27.58% to 30.72%, while Mrs. Balsara's will drop from 23.54% to 20.40%. The aggregate promoter and promoter group shareholding will remain unchanged.
This is a routine internal reshuffle within the promoter family with no change in total promoter ownership, so it has no material impact on the stock price or minority shareholders. No open offer obligation is triggered due to the family gift exemption.