StockWatch
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Construction Vehicles
Shareholding16 Sept 2026, 05:20 pm

Maithili Sanghvi Acquires 1.05 Cr Shares in Sanghvi Movers via Gift

AI Summary

Mrs. Maithili Rishi Sanghvi has acquired 1,05,53,614 equity shares of Sanghvi Movers Limited through an inter-se transfer within the promoter group, classified as an off-market gift transaction. This acquisition represents 12.19% of the company's diluted share capital. The transferor is Mr. Rishi Sanghvi. This transaction is made in reliance upon exemptions provided under Regulation 10 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, specifically Regulation 10(1)(a)(i) & 10(1)(a)(ii), exempting the acquirer from making an open offer. A prior intimation was submitted on September 1, 2026, under Regulation 10(5).

Key Highlights

  • Maithili Sanghvi acquired 1.05 crore shares in Sanghvi Movers.
  • Acquisition was via inter-se transfer (gift) within the promoter group.
  • Represents 12.19% of the company's diluted share capital.
  • Exempted from open offer under SEBI SAST Regulations 10(1)(a)(i) & 10(1)(a)(ii).
  • Transaction occurred on September 10, 2026.