Promoter Gift of Shares: Nandan Chandavarkar Transfers 1.64% Holding in FDC Ltd to Trust
FDC Limited has seen a transfer of shares through an off-market inter-se gift among its promoters. Nandan Mohan Chandavarkar, acting as the managing trustee of the Mohan Anand Chandavarkar Trust, gifted a block of shares to the Trust.The acquisition took place on June 24, 2026, involving Nandan Chandavarkar and the Mohan Anand Chandavarkar Trust. The transaction, which was completed via an off-market inter-se transfer between promoters, resulted in the Trust acquiring 26,70,316 shares.
The gift represented a 1.64% holding of the company's total diluted share capital.
Key details of the acquisition are as follows:
| Metric | Details |
|---|---|
| Target Company | FDC Limited |
| Nature of Transaction | Off-market inter-se transfer between promoters (gift) |
| Date of Acquisition | June 24, 2026 |
| Transferor/Donor | Nandan Chandavarkar |
| Transferee/Donee | Mohan Anand Chandavarkar Trust (Managed by Nandan Mohan Chandavarkar) |
| Shares Acquired | 26,70,316 |
| Percentage Holding | 1.64% of total diluted share/voting capital |
Following the transfer, FDC Limited’s equity share capital and total voting capital were recorded at Rs 16,28,10,084, corresponding to 16,28,10,084 fully paid-up equity shares of Re. 1/- each. The company is listed on the National Stock Exchange of India Limited and BSE Limited.
FDC Stock Price Movement
Shares of FDC Limited are trending higher to ₹415.5 as of 11:34 AM, gaining 1.76% in live trading. The stock has seen robust movement during the session, with an intraday range stretching from a low of ₹405.15 to a high of ₹419.95.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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