Insider Trading / SASTDisclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011
Indirect voting-right acquisition by Lhochhar Trust via testamentary transmission of Indo Count promoter stake
Key details
- Nature: indirect voting-right acquisition via testamentary transmission of promoter stake.
- Exemption: Regulation 10(1)(g) exemption from open offer.
- Acquirer/Transferor: Lhochhar Trust; Sandridge Investments Limited.
- Pre-transaction holding: Sandridge 31.31% (6,20,02,455 shares).
- Post-transaction: Acquirer indirect 31.31%; Sandridge remains 31.31%.
- Method: Testamentary transmission to Acquirer via trustee.
- Consideration: Nil (transmission).
- Direct transfers: None; no direct equity transfer.
- Control impact: Indirect voting rights gained; promoter group unchanged.
- Public shareholding: Not affected.