Acquisitions24 Mar 2026, 12:29 pm
Promoter Arun Kumar Saraf of Robust Hotels Ltd Proposes Acquisition of Shares by Way of Gift
AI Summary
Arun Kumar Saraf, a promoter of Robust Hotels Ltd, has submitted a prior intimation of the proposed acquisition of equity shares of the company by way of gift under Regulation 10(1)(a) of SEBI (SAST) Regulations. The proposed acquisition details are provided in the prescribed disclosure format. The acquisition is exempted from making an open offer as per the relevant sub-clause of regulation 10(1)(a). The acquirer has confirmed that all the conditions specified under regulation 10(1)(a) have been duly complied with.
Key Highlights
- Arun Kumar Saraf, a promoter of Robust Hotels Ltd, proposes to acquire equity shares by way of gift.
- The proposed acquisition is in compliance with Regulation 10(5) of the SEBI (SAST) Regulations, 2011.
- The acquisition price would not be higher by more than 25% of the price computed as per the regulations.
- The acquirer has confirmed compliance with all conditions specified under regulation 10(1)(a).
- The proposed acquisition details are provided in the prescribed disclosure format.
Price Impact
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