G R Infraprojects Limited Discloses Inter-Se Transfer of Shares
G R Infraprojects Limited announced a proposed acquisition involving an inter-se transfer of equity shares amongst qualifying persons, specifically immediate relatives, on March 18, 2026. The company notified the Bombay Stock Exchange and the National Stock Exchange of India in accordance with Regulation 10(5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.The proposed transfer, scheduled to be executed on or after March 25, 2026, involves the transfer of 21,00,000 shares from Mr. Manish Gupta to Mrs. Shakuntala Devi Gupta. This represents 2.17% of the company's share capital. The transfer will be executed without consideration, via a gift.
The company stated that the transfer will not affect the interests of the public shareholders and will not result in any change to the promoter and promoter group's aggregate shareholding or voting rights.
Mrs. Shakuntala Devi Gupta is part of the Promoter Group of the Target Company prior to the transaction. The average market price for the shares over the 60 trading days preceding the notice was Rs. 963.47.
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