Shareholding9 Jun 2026, 04:12 pm
SG Mart: Promoter relative acquires 35.07% via gift
AI Summary
SG Mart Ltd has received a disclosure regarding the acquisition of 4,42,00,000 equity shares, representing 35.07% of the total share capital, by Mr. Sanjay Gupta from his immediate relative, Mr. Sameer Gupta. The transfer is proposed to occur by way of a gift on or after June 16, 2026, and is exempt from open offer requirements under SEBI (SAST) Regulations, 2011. Following this transaction, Mr. Sanjay Gupta will be classified as a Promoter of the Company.
Key Highlights
- Mr. Sanjay Gupta to acquire 35.07% stake in SG Mart via gift.
- Acquisition is an inter-se transfer among immediate relatives.
- Transaction is exempt from open offer under SAST Regulations.
- Mr. Sanjay Gupta will become a Promoter post-acquisition.
- No consideration involved as shares are transferred by way of gift.
Price Impact
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