Shareholding27 Aug 2026, 12:25 pm
Siddharth Jain Acquires 3.29 Cr GFL Shares from Pavan Kumar Jain
AI Summary
GFL Limited has filed a disclosure regarding the acquisition of 3,29,55,000 equity shares of the company by Mr. Siddharth Jain from Mr. Pavan Kumar Jain. This transaction, representing 30.00% of the diluted share capital, is exempt from open offer requirements under SEBI SAST Regulations 10(1)(a)(i) as it is a transfer amongst immediate relatives, specifically by way of gift with no consideration involved. The disclosure was made under Regulation 10(6) following the initial disclosure under Regulation 10(5) on August 18, 2026. Post-acquisition, Siddharth Jain's shareholding increases significantly.
Key Highlights
- Siddharth Jain acquired 3,29,55,000 GFL shares from Pavan Kumar Jain.
- The acquisition represents 30% of the company's diluted share capital.
- Transaction is exempt from open offer as it's a gift between relatives.
- Siddharth Jain's promoter shareholding increases to 43.48%.
- Disclosure filed under SEBI SAST Regulations 10(6).
Price Impact
More from GFLLIMITED