Arun Kumar Saraf Acquires Shares of Robust Hotels Ltd via Gift from Promoter Mrs. Ratna Saraf
Robust Hotels Limited announced a proposed acquisition of equity shares through a gift by Mr. Arun Kumar Saraf. The transfer is being made from Mrs. Ratna Saraf, who is part of the promoter group.The transaction involves Mr. Arun Kumar Saraf acquiring 40,26,520 equity shares from Mrs. Ratna Saraf. This acquisition is intended as an internal transfer by way of a gift among immediate relatives and results in a holding of 11.72% for the seller after the proposed transaction. The price at which the shares are proposed to be acquired is Nil (by way of Gift).
The acquisition, scheduled to take place on or before June 30, 2026, represents an increase in the promoter's holding. Prior to this transfer, Mr. Arun Kumar Saraf held 13,098 shares, representing 0.08% of the total share capital of Robust Hotels Limited.
Following the proposed transaction, Mr. Arun Kumar Saraf's stake is projected to reach a significant 20,39,618 shares, accounting for 11.80% of the company's share capital. The overall promoter group holding will increase from 42.19% to 53.91%.
The details regarding the pre and post-transaction shareholding are provided below:
| Entity | Pre-Transaction Shares/Voting Rights | % W.R.T Total Share Capital | Post-Transaction Shares/Voting Rights | % W.R.T Total Share Capital |
|---|---|---|---|---|
| Acquirer (Mr. Arun Kumar Saraf) | 13,098 | 0.08% | 20,39,618 | 11.80% |
| Mr. Umesh Saraf | 37,096 | 0.21% | 37,096 | 0.21% |
| Saraf Industries Limited | 72,45,945 | 41.90% | 72,45,945 | 41.90% |
| Total Acquirer Group | 72,96,139 | 42.19% | 93,22,659 | 53.91% |
| Seller (Mrs. Ratna Saraf) | 40,53,040 | 23.44% | 20,26,520 | 11.72% |
The transaction ensures that the acquisition falls under the General Exemption of Regulation 10(1)(a), as the transfer is an inter-se gift among immediate relatives.
RHL Stock Price Movement
As of 2:01 PM, shares of Robust Hotels Limited are shedding 0.63% in live trading, currently hovering around ₹179 as the stock moves down against the previous close. This modest movement occurred on a day with relatively low activity, trading 2,485 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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