Shareholding1 Sept 2026, 04:13 pm
Sainik Finance Promoter Share Transfer: 12.10% Stake Changes Hands
AI Summary
Sainik Finance & Industries Ltd has filed a prior intimation regarding the proposed inter-se transfer of 13,16,066 equity shares, representing 12.10% of the total share capital, among members of its promoter group. The transaction will occur off-market at Rs. 40.62 per share. This transfer is exempt from an open offer as it does not result in any change of control and the aggregate promoter shareholding remains unchanged. The acquisition is expected to take place on or after September 7, 2026.
Key Highlights
- Promoter group to transfer 12.10% stake (13,16,066 shares).
- Transaction is an inter-se transfer, off-market.
- Acquisition price set at Rs. 40.62 per share.
- No change in control or aggregate promoter shareholding.
- Exempt from open offer under SEBI SAST Regulations.
Price Impact
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