Jayen Shah Acquires 3,06,978 Shares in Fine Organic via HUF Partition
Fine Organic Industries Ltd has reported a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, concerning Jayen Shah. Jayen Ramesh Shah acquired 3,06,978 equity shares from Jayen R Shah HUF through an off-market transaction as part of the HUF's partition. This acquisition falls under Regulation 10(1)(a)(ii), exempting it from an open offer due to being an inter se transfer among qualifying persons who are promoters. The transaction occurred on September 7, 2026, with no consideration paid as it was an internal transfer within the promoter group. The filing also details post-transaction shareholding, indicating Jayen Ramesh Shah's increased stake and that of other promoter group members.
Key Highlights
- Jayen Ramesh Shah acquired 3,06,978 shares from Jayen R Shah HUF.
- Acquisition was part of an HUF partition via off-market transaction.
- Exemption from open offer under SEBI takeover regulations applied.
- No monetary consideration was involved in the transfer.
- Transaction is an inter se transfer within the promoter group.
Price Impact
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