StockWatch
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Gems, Jewellery And Watches
Shareholding4 Sept 2026, 01:06 pm

Advit Jewels: Promoter Group Acquires 16.98% via Gift

AI Summary

Abhishek Gilara, a member of the promoter group of Advit Jewels Limited, will acquire 77,78,430 equity shares, representing 16.979% of the company's capital, through an inter-se transfer by way of gift from his immediate relative, Vipul Gilara. The acquisition is scheduled for September 10, 2026, and is exempt from open offer requirements under SEBI (SAST) Regulations, 2011, as it is a gift. This transaction will reduce Vipul Gilara's stake from 34.38% to 17.40% and establish Abhishek Gilara's significant holding.

Key Highlights

  • Promoter group member Abhishek Gilara to acquire 16.98% stake.
  • Acquisition is via inter-se transfer of shares as a gift.
  • Transaction exempt from open offer under SEBI (SAST) Regulations.
  • Vipul Gilara's stake reduces from 34.38% to 17.40%.
  • Acquisition date set for September 10, 2026.