Shareholding28 Aug 2026, 04:20 pm
Sandeep Gupta Acquires 8.16% Stake in Asian Hotels (West) via Gift
AI Summary
Asian Hotels (West) Limited has filed a disclosure regarding the proposed acquisition of 9,51,141 equity shares, representing 8.16% of the total share capital, by Mr. Sandeep Gupta from Mrs. Vinita Gupta. The transfer is an inter-se gift between immediate relatives (mother and son) and is exempt from open offer requirements under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition is planned for September 3, 2026, with no monetary consideration involved. Post-acquisition, Mr. Sandeep Gupta's shareholding will increase to 16.32%.
Key Highlights
- Inter-se share transfer via gift between mother and son.
- Acquisition of 8.16% stake by Mr. Sandeep Gupta.
- Exempt from open offer under SAST Regulations 10(1)(a)(i).
- No monetary consideration involved in the transfer.
- Acquirer's stake to rise to 16.32% post-acquisition.
Price Impact
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