StockWatch
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Residential- Commercial Projects
Shareholding31 Aug 2026, 09:20 pm

Rajesh Damani Acquires 43.9 Lakh Shares in Jamshri Realty by Gift

AI Summary

Jamshri Realty Ltd has announced that Mr. Rajesh Damani, an acquirer and immediate relative of promoters, intends to acquire 43,93,960 equity shares through an off-market gift transfer from promoters Premratan Damani and Bimladevi Damani. This transaction is without consideration and falls under the exemption provided by Regulation 10(1)(a)(i) of the SEBI SAST Regulations, thus not requiring an open offer. The acquisition is planned to occur after 4 working days from the intimation date.

Key Highlights

  • Rajesh Damani to acquire 43.94 lakh shares via gift.
  • Transaction is an off-market transfer from promoters.
  • No consideration involved; falls under SEBI SAST exemption.
  • Acquisition is from immediate relatives (parents).