StockWatch
·
Residential- Commercial Projects
Shareholding24 Jun 2026, 05:40 pm

Jamshri Realty: Promoter family gift of 43.9 Lakh shares

AI Summary

Jamshri Realty Limited has disclosed a proposed acquisition of 43,93,960 equity shares through an off-market gift transfer from promoters Premratan Damani and Bimladevi Damani to their son, Rajesh Damani. This transaction is exempt from open offer requirements under SEBI SAST Regulations as it's a transfer to an immediate relative without consideration. The acquisition is planned for any time after June 24, 2026, and is motivated by familial affection. Both transferors and transferees confirm compliance with relevant disclosure norms.

Key Highlights

  • Promoters gifting 43.9 Lakh shares to immediate relative Rajesh Damani.
  • Transaction is an off-market gift, with no consideration involved.
  • Acquisition is exempt from open offer under SEBI SAST Regulations.
  • Proposed acquisition date is on or after June 24, 2026.