Rajinder Kumar Singhania Gifts 10.4 Lakh Equity Shares to His Son Puneet Singhania in Prime Industries Ltd

In a recent development, Rajinder Kumar Singhania, a well-known figure, has gifted 10,40,000 equity shares to his son, Puneet Singhania, in Prime Industries Ltd. This transaction took place via an off-market transaction. After the gift, Rajinder Kumar Singhania's shareholding stands at 13,10,306 equity shares, while Puneet Singhania's shareholding has increased to 11,19,334 equity shares. This move is expected to have significant implications in the company's shareholding pattern and voting rights.