Acquisitions27 Mar 2026, 03:45 pm
Promoter Arvind Singhania Sells Shares to Ayush Vardhan Singhania in Ester Industries Ltd Through Off-market Gift
AI Summary
Arvind Singhania, a promoter of Ester Industries Ltd, has sold 756285 equity shares carrying 0.77% voting rights to Mr. Ayush Vardhan Singhania, a part of the promoter group, through an off-market inter-se transfer by way of Gift. This transaction took place under Regulation 10(1)(a)(i)&(ii) of SEBI Takeover Regulations. The disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 has been submitted.
Key Highlights
- Arvind Singhania sold 756285 equity shares to Ayush Vardhan Singhania through an off-market gift.
- The transaction took place under Regulation 10(1)(a)(i)&(ii) of SEBI Takeover Regulations.
- Ester Industries Ltd is the target company where BSE Limited and National Stock Exchange of India Limited are listed.
- Arvind Singhania's holding reduced to 0.72% after the sale, while Ayush Vardhan Singhania's holding increased to 0.95%.
Price Impact
More from ESTER