The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for V P Tiruvengadaswamy / V V Pravindra
VSTTILLERS · price
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V P Tiruvengadaswamy and V V Pravindra, who belong to the promoter group of VST Tillers Tractors Ltd, have together acquired 6,54,235 shares (7.56% of the company's share capital) through an off-market inter-se transfer among promoters. The acquisition was triggered by the transmission of shares following the demise of Mr. V K Surendra, another promoter family member. Their combined holding has risen from 2,44,692 shares (2.83%) to 8,98,927 shares (10.39%), crossing the 10% disclosure threshold under SEBI's takeover regulations. The total share capital of the company remains unchanged at 8,65,27,540 equity shares.
This is a reshuffling of shares within the promoter family rather than an open-market purchase, so it is unlikely to impact the stock price. Shareholders should note that the promoter group's collective ownership remains the same, but it has now crossed the 10% mark for this specific acquirer pair, warranting regulatory disclosure.