Prima Innovation: Promoter Bhaskar Parekh Acquires 31.73% Stake

Prima Innovation Limited has announced an off-market inter-se transfer of 34,89,760 equity shares, representing 31.73% of the company's total shareholding capital. The transfer is from promoter Mr. Dilip Manharlal Parekh to promoter Mr. Bhaskar Manharlal Parekh. This transaction falls under the exemption provided by Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition price is not applicable as it is considered a gift. Reports under Regulations 10(5), 10(6), and 10(7) have been submitted to BSE and SEBI, along with the applicable fee of INR 1,77,000.