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, ....
TRITURBINE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Triveni Turbine promoter Mr. Nikhil Sawhney has informed the exchanges about a proposed gift of 10,00,000 equity shares (0.31% of share capital) to his minor son Mr. Zahan Nikhil Sawhney. The transfer will happen off-market at NIL consideration on or after March 17, 2025, and qualifies as an inter-se transfer between immediate relatives under SEBI SAST Regulation 10(1)(a)(i), exempting it from the open offer requirement. The total promoter and promoter group shareholding will remain unchanged at 55.84% before and after the transaction. The minor son is not classified as a promoter; he is simply an immediate relative receiving shares within the family.
This is a non-event for shareholders — it is a private gift within the promoter family with zero change in total promoter ownership or voting control. The stock price is unlikely to be affected as no new shares are issued and no promoter stake changes hands outside the group.