The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chukkamamba Sri Velamati
VELJAN · price
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Promoter Mrs. Velamati Sree Chukkamamba transferred 5,07,504 equity shares (about 11.27% of capital) to two beneficiaries, following the registered will of the late promoter Mr. Chandra Sekhar Janardan Rao Velamati. The shares were split equally — 2,53,752 shares each went to Mr. Gangadhar Srinivas Velamati and Mr. Sri Krishna Uppaluri. This is not a market purchase; it is a family/nominee-to-beneficiary reallocation. Post-transaction, Chukkamamba's stake dropped from 30.84% to 19.60%, while Gangadhar Srinivas rose from 11.50% to 17.14% and Sri Krishna Uppaluri appeared as a promoter with 5.64%. Total promoter group holding stays roughly unchanged at around 75%.
No change in total promoter control or float — purely a reshuffle of ownership within the promoter family. Shareholders should not expect any impact on stock price or company strategy from this internal transfer.