Parnax Lab: Promoter Mihir Shah Acquires 3.29% via Gift

Mihir Prakash Shah, a promoter of Parnax Lab Ltd, has intimated the stock exchange about his proposed acquisition of 3,77,355 equity shares, representing 3.29% of the company's total share capital. The acquisition will be through an inter-se transfer by way of a gift from Baiju Mahasukhlal Shah, another promoter. This transaction falls under an exemption from open offer requirements as per SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Post-acquisition, the shareholding of the Promoter and Promoter Group will remain unchanged in aggregate. The acquisition is planned to occur after 4 working days from the date of the intimation.