Ad-Manum Finance Ltd: Vanshika Agarwal Acquires 5.324% Shares via Transmission, Exempted from Open Offer

Ad-Manum Finance Ltd has received a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vanshika Agarwal. Vanshika Agarwal has become a Promoter of Ad-Manum Finance Limited by substituting the name of Late Mrs. Neenadevi Agarwal due to transmission of shares held by her in Vanshika's favor. Vanshika has acquired 3,99,310 equity shares of Rs. 10 each, representing 5.324% of the equity share capital of the Target Company. The transaction qualifies for exemption from the open offer requirement in terms of the provisions of Regulation 10(1)(g) of the SEBI (SAST) Regulations, 2011, as it falls under the exemption provided for acquisition by the way of transmission, succession or inheritance.