Corporate Action25 Sept 2026, 12:04 pm
Hariyana Ship Breakers: Promoter Group Gifted 6.73% Shares
AI Summary
Rajeev Shantisarup Reniwal, part of the promoter group of Hariyana Ship Breakers Ltd, has acquired 6.73% of the company's equity shares through an inter-se transfer by way of gift from Lalitadevi Shantisarup Renwal, another promoter group member. The transfers occurred on August 18 and 20, 2026. This acquisition is exempt from an open offer under Regulation 10(1)(a)(i) and (a1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company acknowledges an inadvertent delay in submitting the prior intimation required under Regulation 10(5) of the SAST Regulations.
Key Highlights
- Promoter group member acquired 6.73% shares via gift.
- Acquisition exempt from open offer under SEBI SAST Regulations.
- Inter-se transfer among promoter group members.
- Inadvertent delay in prior disclosure noted.
- No consideration involved in the share transfer.
Price Impact
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