Acquisitions1 April 2026 at 08:48 am
Picturehouse Media Ltd: Jhansi Sureddi Acquires Shares Through Inter-Se Transfer
AI Summary
Picturehouse Media Ltd has received an intimation from persons forming part of the Promoter and Promoter Group regarding the acquisition of equity shares of the company through an off-market inter-se transfer between promoters for consideration. The transaction involves M/s. PVP Ventures Limited and Mrs. Jhansi Sureddi, with 33,21,179 shares being transferred, equating to 6.36% of the company's holding. This transfer falls under the exemption provided under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and does not affect the aggregate shareholding of the Promoter and Promoter Group.
Key Highlights
- Jhansi Sureddi acquires 33,21,179 shares from PVP Ventures Limited
- The transaction is an inter-se transfer amongst the Promoter and Promoter Group
- The transaction falls under the exemption provided under Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- The aggregate shareholding of the Promoter and Promoter Group remains unchanged
- The transaction does not require an open offer as per Regulation 10 (5) of SEBI (SAST) Regulations, 2011