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
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Madan Gopal Agarwal has acquired 41,67,812 equity shares of V-Mart Retail (5.25% of paid-up capital) directly from Lalit Agarwal under Regulation 10(1)(a)(i) of SEBI Takeover Regulations, which permits inter-se transfers among immediate relatives without triggering an open offer. He has also acquired 13,908 equity shares and 1,97,33,161 Compulsorily Convertible Debentures of Conquest Business Service Pvt. Ltd. (the promoter company of V-Mart) indirectly. Post-transaction, Madan Gopal Agarwal holds 5.25% of V-Mart while Lalit Agarwal's holding drops from 6.43% to 1.18%. The total promoter family shareholding in V-Mart remains unchanged; this is purely a reshuffle within the promoter group.
No material impact on overall promoter shareholding or stock price expected, as this is a reallocation of shares within the promoter family. Shareholders should note that voting control of V-Mart remains with the same promoter group.