Panacea Biotec Promoter Group Acquires 2 Lakh Shares via Gift

Rajesh Jain (HUF), a member of the Promoter's Group of Panacea Biotec Limited, is acquiring 2,00,000 equity shares through an off-market inter-se transfer by way of gift from Dr. Rajesh Jain, a Promoter. This transaction falls under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011, exempting it from an open offer. The acquisition is at NIL price. Post-acquisition, Rajesh Jain (HUF)'s shareholding will be 13.48% of the total paid-up share capital.