Neterwala Family Trust acquires indirect 63.48 percent stake via internal restructuring

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+6.9%1-day move

₹4557.55

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AI summary

Neterwala Family Trust disclosed indirect acquisition of 12,53,852 shares (63.48 percent) in Uni Abex Alloy Products under SEBI SAST Regulation 29(2). The transfer happened on June 18, 2026, as an internal family reorganization: promoter Feroze D Neterwala transferred his 96.09 percent stake in CFA to the trust. SEBI granted an open offer exemption on May 18, 2026. Aggregate promoter shareholding stays unchanged at 63.63 percent, public shareholding unchanged, and no change in control or voting rights.

Likely market impact

Internal succession planning restructure. No change in promoter holding, public holding, or control. Neutral for shareholders and stock price.