Promoter Acquires Shares in KCK Industries Limited Through Inter Se Transfer
KCK INDUSTRIES LIMITED announced a change in its shareholding pattern following an inter se transfer of shares involving the company's promoter. The transaction saw Reena Sharma, identified as part of the promoter group, increase her stake by acquiring shares from another entity.The inter se transfer falls under the exemption provided for the promoter and promoter group. Key to the transaction is that the aggregate holding of the promoter and promoter group remains unchanged both before and after the completion of the inter se transfer.
Details regarding the pre-transaction and post-transaction shareholding are as follows:
| Shareholder Category | Entity Name | Pre-Transaction Shares (No.) | Pre-Transaction Stake (%) | Post-Transaction Shares (No.) | Post-Transaction Stake (%) |
|---|---|---|---|---|---|
| Acquirer / Promoter | Reena Sharma | 1,773,200 | 2.78% | 1,786,400 | 2.80% |
| Seller / Transferor | Promoter Entity | 13,200 | 0.20% | NIL | NIL |
The transaction specifically involved Reena Sharma as the acquirer and a transferor entity whose shares were transferred to the promoter group. The acquisition was completed under Regulation 10(1)(a) of SEBI SAST Regulation 2011, which provides an exemption for such transactions.
KCK Stock Price Movement
Today, Kck Industries Limited shares edged higher to close at ₹13.60, gaining 3.02% in post-market trading. The stock finished the day within a tight intraday range and saw a volume of 615,000 shares traded against a daily high of ₹13.75.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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