Shareholding12 Sept 2026, 01:33 pm
HLE Glascoat: Promoter Gifts 10% Stake to Relative
AI Summary
Nilesh Khushalbhai Patel, a promoter of HLE Glascoat Ltd, has transferred 69,45,474 equity shares, representing 10.00% of the company's equity share capital, to Aalap Nilesh Patel. The transfer was executed as an inter-se transfer of shares by way of gift amongst immediate relatives, both belonging to the promoter and promoter group. Following this transaction, Nilesh Khushalbhai Patel's holding in the company has reduced to 14.77%, while Aalap Nilesh Patel's holding has increased. This disclosure is made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Promoter Nilesh Khushalbhai Patel gifted 10% stake in HLE Glascoat.
- Transaction involved 69,45,474 equity shares via inter-se transfer.
- Acquirer Aalap Nilesh Patel is also part of the promoter group.
- Nilesh Patel's holding reduces to 14.77% post-gift.
- Disclosure filed under SEBI Takeover Regulations.
Price Impact
More from HLEGLAS