StockWatch
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Hotels & Resorts
Shareholding2 Sept 2026, 11:33 am

Arun Kumar Saraf Acquires 11.72% Stake in Asian Hotels (East) via Gift

AI Summary

Arun Kumar Saraf, a promoter of Asian Hotels (East) Limited, has acquired 20,26,520 equity shares, representing 11.72% of the total share capital, through a gift from Mrs. Ratna Saraf. This transaction is an inter-se transfer among immediate relatives within the promoter group and is exempted from open offer requirements under SEBI (SAST) Regulations, 2011. The aggregate holding of the promoter and promoter group remains unchanged post-transaction.

Key Highlights

  • Arun Kumar Saraf acquired 11.72% stake via gift from Mrs. Ratna Saraf.
  • Transaction is an inter-se transfer among promoter group relatives.
  • Exempted from open offer under SEBI (SAST) Regulations.
  • Aggregate promoter holding remains unchanged.
  • Disclosure filed under Regulation 10(6) of SEBI (SAST) Regulations.