Tiruvallur Thatai Lakshman has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011
TTKHLTCARE · price
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Tiruvallur Thatai Lakshman has filed a disclosure under SEBI SAST Regulation 10(6) regarding acquisition of 2,53,099 shares (1.79% of total share capital) of TTK Healthcare Limited through transmission upon the death of promoter Late Thiruvallur Thattai Jagannathan. The acquisition falls under Regulation 10(1)(g) exemption for transmission amongst promoters. As a result, Lakshman's holding increased from 14,096 shares (0.10%) to 2,67,195 shares (1.89%), while the deceased promoter's 7,59,298 shares (5.47%) were transferred. The aggregate promoter and promoter group holding remains unchanged before and after the transaction, so no open offer is triggered.
This is a routine internal family transmission with no impact on the company's total promoter holding or float. Shareholders should note there is no change in promoter group control and no open offer obligation arises. Neutral event for the stock price.