HLE Glascoat: Promoter Group Share Transfer via Gift Deed

HLE Glascoat Ltd has informed the stock exchanges about a disclosure received under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations. An inter-se transfer of shares among the promoter and promoter group is set to occur via a gift deed. Mr. Nilesh Khushalbhai Patel will gift 69,45,474 shares to Mr. Aalap Nilesh Patel. This transaction is an off-market transfer and falls under an exemption as it's among immediate relatives within the promoter group. The aggregate holding of the promoter and promoter group will remain unchanged post-transaction.