Uni Abex: Neterwala Family Trust consolidates 63.48 percent indirect control
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Neterwala Family Trust acquired indirect control of 12,53,852 shares (63.48 percent voting rights) in Uni Abex via internal family reorganization. Promoter Feroze D Neterwala transferred 96.09 percent of CFA (Chemicals and Ferro Alloys) to the Trust without consideration, creating an indirect control chain through CFA, Unitel, and S.D.N Company. Aggregate promoter shareholding stays at 63.63 percent with no change in public shareholding. SEBI exempted the Trust from open offer requirements via order dated May 18, 2026.
No change in promoter or public shareholding. Internal family restructuring for succession planning. No open offer triggered.