Parshwanath Corp: Promoter Group Share Transfer via Gift

Parshwanath Corporation Ltd has announced an inter-se transfer of shares among its promoter and promoter group. Mr. Raj Rushabh Patel will acquire 1,18,526 equity shares from Mrs. Indiraben N. Patel through a gift. This transaction represents 3.78% of the company's share capital and is an off-market transaction. As it is an inter-se transfer within the promoter group, it falls under the exemption provided by SEBI (SAST) Regulations, 2011, and no open offer is required. The aggregate holding of the promoter and promoter group remains unchanged post-transfer.