Shareholding1 Jul 2026, 05:30 pm
Binny Mills Promoter Gifts 74,600 Shares to Son
AI Summary
VR Venkataachalam, a promoter of Binny Mills Limited, has acquired 74,600 equity shares through a gift from his son, V Sengutuvan, an immediate relative and also a promoter. This inter-se transfer of shares occurred off-market on June 29, 2026. The acquisition represents 2.89% of the company's diluted share capital. This transaction is made under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, exempting the acquirer from making an open offer due to reliance on Regulation 10(1)(a)(i) and 10(1)(a)(ii).
Key Highlights
- Promoter VR Venkataachalam received 74,600 shares via gift.
- The shares were transferred from his son, V Sengutuvan.
- Acquisition is an off-market inter-se transfer between promoters.
- Represents 2.89% of the company's diluted share capital.
- Transaction is exempt from open offer under SEBI SAST Regulations.
Price Impact
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