S & T Corporation Ltd: Ajay Surendra Savai Acquires 13.16% Shares via Transmission from Late Father

S & T Corporation Ltd has received a disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Mr. Ajay Surendra Savai, a promoter of the company, has acquired 41,90,080 equity shares of Rs. 2 each, comprising of 13.16% of the paid-up capital of the company. This acquisition was through transmission of shares from his late father, Mr. Surendra Savai. Consequently, Mr. Ajay Surendra Savai's shareholding has increased to 24.72% of the paid-up capital of the company.