Asian Hotels (East) Promoter Gifts Shares, Shareholding Rises

Arun Kumar Saraf, a promoter of Asian Hotels (East) Limited, has submitted a prior intimation regarding the proposed acquisition of 20,26,520 equity shares by way of gift from Mrs. Ratna Saraf. This transaction, expected to be completed by September 30, 2026, represents 11.7196% of the company's share capital. The acquisition falls under the 'inter-se transfer of shares by way of gift amongst Promoter and Promoter group' exemption from open offer requirements. Following the transaction, the promoter group's total shareholding in Asian Hotels (East) Limited will increase from 42.19% to 53.91%.