Intimation disclosure regarding the Inter-se transfer of equity shares by way of gift among the Promoter/ Promoter group of the Company.-reg
VELJAN · price
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Veljan Denison Ltd has informed BSE about an inter-se transfer of equity shares by way of gift between two promoters — Mr. Velamati Gangadhar Srinivas and Mr. Uppaluri Sri Krishna. The transfer involves no monetary consideration since it is a gift between family/promoter group members. The acquisition is exempted under Regulation 10(1)(a) of SEBI's Substantial Acquisition and Takeover Regulations, 2011. Post-acquisition disclosures will be filed separately in due course. The overall promoter group shareholding in the company remains unchanged.
This is an internal reshuffling of shares within the promoter group with no change in total promoter holding, so there is no material impact on the stock price or minority shareholders.