The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Velamati Gangadhar Srinivas
VELJAN · price
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Promoter Mr. Velamati Gangadhar Srinivas has acquired 1,10,954 fully paid-up equity shares (2.46% of paid-up capital) of Veljan Denison Ltd by way of transmission following the death of his father, primary promoter Mr. Velamati Chandra Sekhar Janardan Rao. As a result, his individual stake rose from 9.04% to 11.50%, crossing the 10% disclosure threshold. The late promoter's 13.77% holding has been redistributed within the family — the other joint holder, Mrs. Velamati Sree Chukkamamba, received the balance and her stake increased from 19.62% to 30.84%. The overall promoter group shareholding remains essentially unchanged, as no shares entered or left the promoter group.
This is a purely internal family-level transmission event with no change in total promoter control or market activity. There is no material impact on share price or minority shareholders, as the promoter group's combined holding remains the same.