Plastiblends India: Promoters Acquire 8.85% Stake via Market Mode

Plastiblends India Limited has announced an inter-se transfer of shares among promoters. Varun Satyanarayan Kabra and Jyoti Varun Kabra are acquiring approximately 23,02,084 shares, representing 8.85% of the total share capital, from Kolsite Corporation LLP. The acquisition will be executed at market price and is exempted from open offer requirements under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, specifically Regulation 10(1)(a)(ii). This transaction aims to adjust promoter shareholding without altering the total promoter holding percentage significantly. The acquisition is expected to take place after 4 working days from the notice date.