Clarification4 Nov 2026, 05:22 pm
Baba Arts Ltd Clarifies Share Transfer Details
AI Summary
Baba Arts Ltd has issued a clarification regarding a previous disclosure on November 3, 2026, concerning the transfer of 65,00,000 equity shares by promoter Mr. Gordhan P. Tanwani to M/s. Skybridge Interactive LLP. The clarification corrects clerical errors in the shareholding figures of the acquirer, Skybridge Interactive LLP, both before and after the transfer. The corrected figures show the acquirer's shareholding increasing from 3,27,00,602 shares (62.29%) to 3,92,00,602 shares (74.67%). The public shareholding figures were also affected by this correction. The company has provided a revised Annexure A with the accurate shareholding details.
Key Highlights
- Correction of clerical error in share transfer disclosure.
- Promoter transferred 65,00,000 equity shares to Skybridge Interactive LLP.
- Acquirer's shareholding increased significantly post-transfer.
- Revised Annexure A with corrected shareholding figures provided.
Price Impact
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