Keltech Energies: Promoter Group to Transfer 4.09 Lakh Shares

Keltech Energies Limited has announced a proposed inter-se transfer of 4,09,940 equity shares among its promoters and promoter group. This transfer is pursuant to a Memorandum of Family Settlement (MOFS) dated January 11, 2021, and a Letter of Intent received from Chowgule and Company Private Limited. The transfer will be an off-market transaction without cash consideration and is intended to align shareholdings as per the family settlement. The aggregate shareholding of the promoter and promoter group will remain unchanged post-transfer. This transaction is expected to fall under the exemption provided by SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.