StockWatch
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Other Textile Products
Shareholding2 Sept 2026, 12:31 pm

Shiva Texyarn: Promoter Inter-se Share Transfer of 1.16%

AI Summary

Shiva Texyarn Ltd has filed a disclosure regarding an inter-se transfer of shares among its promoters. S K Sundararaman will acquire 1,50,000 equity shares, representing 1.16% of the total share capital, from M/s. Vedanayagam Hospital Private Limited. The transaction is proposed to occur on September 9, 2026. The acquisition price is based on the volume-weighted average market price for the preceding 60 trading days, amounting to ₹156.56 per share. This transfer is exempt from open offer requirements under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Key Highlights

  • Promoter S K Sundararaman to acquire 1.16% stake.
  • Transaction involves inter-se transfer of shares among promoters.
  • Acquisition price set at ₹156.56 per share.
  • Proposed transaction date is September 9, 2026.
  • Exempt from open offer under SEBI Takeover Regulations.