The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shri Paul Oswal & Others
VTL · price
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On the reaction day the stock moved 0.3 pts more than Nifty Smallcap 250 and 0.6 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shri Paul Oswal along with Persons Acting in Concert (PAC) filed a Regulation 29(2) disclosure showing an inter-se transfer within the promoter group. VTL Investments Limited (a promoter entity) sold 1,50,000 shares (0.05%), while Vardhman Holdings Limited acquired 43,47,983 shares (1.50%) and Devakar Investment & Trading Co. Pvt. Ltd acquired 13,21,415 shares (0.46%) through open market transactions. Net promoter group holding increased by about 1.91%, rising from 18,19,31,590 shares (62.90%) to 18,74,50,988 shares (64.81%) of the company's total share capital. The total promoter group stake now stands at 64.81% (64.21% on a diluted basis) in Vardhman Textiles. This indicates consolidation of promoter holding within group entities rather than any change in overall promoter control.
Positive signalling for retail investors as the promoter group is increasing its stake through open market purchases, reflecting confidence in the company. No material risk to shareholders since control remains firmly with the promoter family.