Genesys International: Promoter Sajid Malik Acquires 33.65 Lakh Shares via Transmission
Sajid Siraj Malik, a promoter of Genesys International Corporation Limited (GICL), has acquired 33,65,075 equity shares through transmission from his late mother, Mrs. Saroja Malik, also a promoter. This transaction, reported under SEBI's Takeover Regulations, changes the shareholding structure within the promoter group. The acquisition was due to the transmission of shares following the passing of Mrs. Saroja Malik. The total shareholding of the acquirer and PACs in GICL remains significant, reflecting continued promoter commitment.
Key Highlights
- Promoter Sajid Siraj Malik acquired 33.65 lakh shares via transmission.
- Acquisition from late mother, Mrs. Saroja Malik, also a promoter.
- Transaction reported under SEBI Takeover Regulations.
- Shareholding change within the promoter group.
- No direct acquisition in the open market.
Price Impact
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