HLE Glascoat Promoters Plan Inter-Se Share Transfer
HLE Glascoat Ltd has announced a proposed inter-se transfer of shares among members of its Promoter Group. The transaction, which is intended to be conducted as a gift deed, involves the transfer of a significant stake between two individuals belonging to the Promoter Group.The proposed transaction is an off-market transfer. Details concerning the planned inter-se transfer of shares, which involves Promoter and Promoter Group members who are immediate relatives, are as follows:
| Date of Proposed Transaction | Transferor (Promoter Group) | Transferee (Promoter Group) | Shares Proposed to be Transferred | Percentage of Holding |
|---|---|---|---|---|
| August 31, 2026 | Mr. Nilesh Khushalbhai Patel | Mr. Aalap Nilesh Patel | 69,45,474 | 10% |
The transaction involves the transfer of 69,45,474 shares, representing 10% of the company's holding, from Mr. Nilesh Khushalbhai Patel to Mr. Aalap Nilesh Patel.
The company reported that the aggregate holding of the Promoter and the Promoter Group will remain unchanged both before and after the execution of this inter-se transaction.
HLEGLAS Stock Price Movement
As of 11:27 AM, HLE Glascoat Limited shares are edging higher to ₹313.8 as they rise by ₹0.20 or 0.06% in live trading. The stock has seen a traded volume of 26,633 shares during the session so far today.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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