Asian Hotels (West) Ltd: Promoter group inter-se share transfer via gift

Asian Hotels (West) Ltd disclosed an acquisition under SEBI Takeover Regulations, involving an inter-se transfer of shares by way of gift among its promoter group. Sandeep Gupta acquired 9,50,833 shares (8.16% of total share capital) from Vinita Gupta. Post-acquisition, Sandeep Gupta's shareholding increased from 8.16% to 16.32%, while Vinita Gupta's decreased from 9.88% to 1.72%. The transaction was a gift, resulting in a NIL acquisition price per share. The company confirmed compliance with SEBI regulations, including fee payment for the report.