Madan Gopal Agarwal has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
VMART · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Madan Gopal Agarwal, associated with the promoter group of V-Mart Retail, has filed a disclosure with the stock exchange regarding an acquisition of shares made under an exemption provided by Regulation 10 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Regulation 10 provides exemptions from the mandatory open offer requirement for certain categories of acquisitions, including creeping acquisitions and inter se transfers within the promoter group. No further details on the number of shares acquired or the price were provided in the headline.
This is a routine regulatory filing confirming that an acquisition by a promoter-group member has been completed within the permitted exemption framework, so no open offer obligation has been triggered. Shareholders should note the acquisition but it does not change control of the company.