Acquisitions17 Mar 2026, 03:31 pm
Promoters of Vivid Global Industries Ltd Transfer 8.17% Shares via Gift Deed Exempted from SEBI Takeover Regulations
AI Summary
Vivid Global Industries Ltd has received an intimation from promoter Mr. Sudhir Mody regarding the inter-se transfer of shares among themselves through an off-market transaction via execution of a gift deed. The transaction qualifies for exemption under Regulation 10(1)(a)(i) & Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The aggregate shareholding of the promoters before and after the aforesaid inter-se transfer shall remain the same.
Key Highlights
- The inter-se transfer of shares among promoters through a gift deed.
- The transaction qualifies for exemption under Regulation 10(1)(a)(i) & Regulation 10(1)(a)(ii) of SEBI Takeover Regulations.
- The aggregate shareholding of promoters remains unchanged before and after the transfer.
- The transfer involves 7,46,004 (Seven Lakh Forty Six thousand and four) Equity Shares (8.17%) of Vivid Global Industries Limited.
- The transaction is between relatives and promoters of the company.
Price Impact
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