Madhav Infra Promoters Transfer 7.57 Cr Shares
Madhav Infra Projects Ltd has disclosed an inter-se transfer of 7,57,16,940 equity shares among its promoters and promoter group. Mr. Ashok Madhavdas Khurana will transfer these shares to Mr. Amit Khurana, Mrs. Neelakshi Amit Khurana, and Armaan Amit Trust. The transfer, occurring on or after August 12, 2026, is classified as an off-market transaction under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011. This transaction is exempt from open offer requirements as it involves transfers within the promoter group and does not alter the total promoter shareholding. The disclosure is made in compliance with Regulation 10(5) of SEBI (SAST) Regulations.
Key Highlights
- Promoter group to transfer 7.57 crore shares of Madhav Infra Projects.
- Transfer is inter-se among promoters, exempt from open offer.
- Transaction to occur on or after August 12, 2026, via off-market deal.
- No change in total promoter shareholding expected post-transfer.
- Disclosure complies with SEBI (SAST) Regulations, 2011.
Price Impact
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