Shareholding22 Aug 2026, 11:31 am
Virendrabhai Gandhi Transfers Shares in VIL and VEL
AI Summary
Vadilal Enterprises Ltd announced that Virendrabhai Ramchandra Gandhi has transferred equity shares of Vadilal Industries Limited (VIL) and Vadilal Enterprises Limited (VEL) to IVG Trust. Mr. Gandhi contributed 2,66,565 shares (3.72%) in VIL and 91,777 shares (10.64%) in VEL to the trust. This transaction was conducted pursuant to a SEBI Exemption Order dated 03.07.2026. Importantly, the filing clarifies that there has been no change in the aggregate promoter or promoter group shareholding of either VIL or VEL as a result of this transfer. The transfer occurred on August 19, 2026, via off-market inter-se transfer.
Key Highlights
- Virendrabhai Ramchandra Gandhi transferred shares in VIL and VEL to IVG Trust.
- No change in aggregate promoter/promoter group shareholding reported.
- Transaction involved 3.72% of VIL and 10.64% of VEL.
- Transfer executed via off-market inter-se transfer.
- Transaction is pursuant to a SEBI Exemption Order.
Price Impact
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