Shareholding14 Aug 2026, 01:24 pm
Ester Industries: Promoter Group Acquires 3.64% Stake via Gift
AI Summary
Ayush Vardhan Singhania, part of the Promoter Group of Ester Industries Limited, will acquire 3,797,468 equity shares, representing 3.64% of the voting rights, from his father, Arvind Singhania. The acquisition is by way of a gift and is an inter-se transfer within the promoter group. This transaction is exempted from open offer requirements under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, specifically under Regulation 10(1)(a)(i) & (ii). The transfer is expected to occur anytime after 4 working days from the intimation date. Following the transfer, Ayush Vardhan Singhania's stake will increase to 4.54%, and Arvind Singhania's holding will become zero.
Key Highlights
- Promoter group member Ayush Vardhan Singhania to acquire 3.64% stake.
- Acquisition is a gift from father Arvind Singhania, an inter-se promoter transfer.
- Transaction exempt from open offer under SEBI Takeover Regulations.
- Ayush Vardhan Singhania's holding to rise to 4.54% post-acquisition.
- No monetary consideration involved as it's a gift.
Price Impact
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