Promoter Acquires Shares of My Money Securities Through Transmission Following Demise
My Money Securities Ltd has seen a change in its promoter shareholding following the transmission of equity shares consequent to the demise of Late Mr. Govind Narain Seth, Promoter of the company. The acquisition was made by Mrs. Rajni Seth, who is also a promoter of My Money Securities Limited.The transaction involved Mrs. Rajni Seth acquiring 137,050 equity shares through transmission. This acquisition resulted from the passing of Late Mr. Govind Narain Seth, who was also a Promoter of the company. The shareholding change represents an increase in her stake in My Money Securities Ltd.
Prior to this transmission, Mrs. Rajni Seth held 7,90,300 equity shares, representing 4.70% of the paid-up equity share capital of the company. Following the acquisition via transmission, her total shareholding increased to 9,27,350 equity shares, constituting 5.52% of the paid-up equity share capital.
The acquisition was conducted by way of transmission and does not involve any trading in the securities of the Company. Accordingly, there is no change in intent or investment decision involving market transactions related to this holding.
Details regarding the acquisition and resulting changes in the promoter's shareholding are summarized below:
| Holding Status | Shares Held | Percentage of Paid-up Equity Share Capital |
|---|---|---|
| Prior to Acquisition | 7,90,300 | 4.70% |
| Acquired via Transmission | 1,37,050 | N/A |
| Post Acquisition | 9,27,350 | 5.52% |
The transaction details, including the mode of acquisition (Inter-se transfer) and the date of intimation to the company, reflect this change in ownership following the death of the promoter.
Stock Price Movement
At the close of trading today, My Money Securities Ltd settled at ₹43.93, taking on a slight dip of 0.02%. The shares experienced significant movement throughout the day, ranging between an intraday low of ₹40.00 and a high of ₹47.97.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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