Sainik Finance: Promoter Group Acquires 12.10% Stake via Off-Market Transfer

Sainik Finance & Industries Limited has disclosed a significant inter-se transfer of shares among its promoter group. Dev Sindhu and other members of the promoter group have collectively acquired 13,16,066 equity shares, representing 12.10% of the total share capital. This transaction was conducted via an off-market deal and is exempt from an open offer under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Importantly, the transfer does not alter the overall control of the promoter group, and their aggregate shareholding remains unchanged.