Nikhil Sawhney Trust takes control of Subhadra in family restructuring
TRITURBINE · price
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On the reaction day the stock moved 0.3 pts less than Nifty Smallcap 250 and 0.3 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Nikhil Sawhney Trust acquired Rati Sawhney's 26.60% interest in Subhadra without payment, lifting its stake from 36.70% to 63.30% and giving it control of Subhadra, which holds 8,67,24,312 Triveni shares, or 27.28%. Triveni says its overall control and management do not change. Promoter and public holdings stay at 55.84% and 44.16%. SEBI exempted the trust from making an open offer.
No change in Triveni's shareholding pattern, management or public holding; this promoter succession step likely has limited direct stock impact.