Acquisitions6 April 2026 at 02:41 pm
Promoter Arunkumar Biyani Acquires Shares Through Inter-se Transfer in Damodar Industries Ltd
AI Summary
In accordance with Regulation 10(6) of SAST Regulations, Damodar Industries Ltd. disclosed the acquisition of equity shares by promoter Arunkumar Biyani through inter-se transfer in the nature of a gift. The acquisition increased Biyani's shareholding from 23.91% to 23.93%. The transaction took place on January 30, 2026, and the disclosure was made within the specified timeline under the regulations on March 18, 2025.
Key Highlights
- Arunkumar Biyani, a promoter of Damodar Industries Ltd., acquired equity shares through inter-se transfer in the nature of a gift.
- The acquisition increased Biyani's shareholding from 23.91% to 23.93%.
- The transaction occurred on January 30, 2026.
- Disclosure made within the timeline specified under the regulations on March 18, 2025.
- Exemption from open offer under legulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations 2011.