Wheels India: Promoter Group Inter-se Share Transfer of 1.05%

Wheels India Limited has received a disclosure regarding an inter-se transfer of shares between promoters. TSF Investments Limited (Promoter) will acquire 2,56,547 equity shares, representing 1.050% of the total share capital, from Trichur Sundaram Santhanam & Family Private Limited (Promoter). The transaction is valued at ₹1,518.62 per share, totaling approximately ₹38.96 crore. This transfer falls under the exemption provided by Regulation 10(1)(a)(ii) of the SEBI Takeover Regulations, as it is an inter-se transfer among promoters who have been part of the shareholding pattern for at least three years. The proposed acquisition date is August 7, 2026. The acquirer, TSF Investments Limited, has confirmed compliance with relevant regulations and that the acquisition price is within the permissible limits.