Shareholding18 Apr 2026, 01:01 pm
Sainik Finance: Promoters inter-se transfer 23.01% equity via off-market deal
AI Summary
Sainik Finance & Industries Ltd disclosed an inter-se transfer of 2,503,982 equity shares, representing 23.01% of its total paid-up share capital, among its promoter group members. The transaction, conducted off-market on March 30, 2026, was made under Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Acquirer Sarvesh Sindhu increased their stake from 20.47% (2,227,012 shares) to 43.48% (4,730,994 shares) at an acquisition price of ₹40.62 per share. A non-refundable fee of ₹1,77,000 was paid to SEBI for this disclosure.
Key Highlights
- Promoters of Sainik Finance executed an inter-se transfer of shares.
- 23.01% of the company's equity was transferred via an off-market transaction.
- Acquirer Sarvesh Sindhu's stake increased from 20.47% to 43.48%.
- The acquisition involved 2,503,982 equity shares at ₹40.62 each.
Price Impact
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