
Mrs. Ameeta Ranade Acquires 6.80% Stake in Advance Metering Technology via Transmission
Mrs. Ameeta Ranade, a promoter of Advance Metering Technology Ltd, has acquired a 6.80% stake in the company through transmission of shares. This acquisition occurred due to the demise of Late Mr. Pranav Kumar Ranade, who was also a promoter, Chairman & Executive Director. The shares were transferred by operation of law, not through market purchase or off-market transactions. Following this transmission, Mrs. Ranade's total holding in the company has increased to 12.12%. The disclosure is made as per SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Key Highlights
- Promoter acquires 6.80% stake via share transmission.
- Acquisition follows demise of Late Mr. Pranav Kumar Ranade.
- Total promoter holding increases to 12.12%.
- Transaction is by operation of law, not market purchase.
- Disclosure filed under SEBI SAST Regulations, 2011.
Price Impact
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