Promoter Group Completes Inter-Se Transfer of 20,000 Equity Shares in Bharat Rasayan Limited
A transaction involving an inter-se transfer of shares between Promoters and Promoters Group has been completed concerning Bharat Rasayan Limited (BRL). BRL Finlease Limited, which is part of the Promoters Group, acquired 20,000 equity shares of the company through an on-market transaction.The acquisition involved various members of the Promoter Group. The total transfer amounted to 20,000 Equity Shares of Bharat Rasayan Limited between the Promoters and Promoters Group. These shares were allotted as follows: Shri Sat Narain Gupta received 11,000 shares, Smt. Savita Gupta received 5,000 shares, and Smt. Manju Gupta received 2,000 shares.
The details of the acquisition transaction are summarized below:
| Detail | Description |
|---|---|
| Acquirer Name | BRL Finlease Limited |
| Target Company | Bharat Rasayan Limited |
| Stock Exchange Listing | National Stock Exchange of India Limited |
| Nature of Transaction | Inter-se transfer between Promoters and Promoters Group |
In terms of the transaction, BRL Finlease Limited increased its stake in Bharat Rasayan Limited. Prior to the acquisition, BRL Finlease Limited held 4,50,688 shares, representing 2.7115% of the total share capital. Following the transfer and the purchase of 20,000 Equity Shares, BRL Finlease Limited's holding increased to 4,70,688 shares, which corresponds to 2.8319% of the total share capital.
The transaction also impacted the holdings of several Promoter members who were part of the transferor group:
| Promoter Member | Pre-Transaction Shares Held | Post-Transaction Shares Held | Percentage (Post-Transaction) |
|---|---|---|---|
| Shri Sat Narain Gupta | 39,60,192 | 39,49,192 | 23.7602% |
| Smt. Savita Gupta | 4,53,660 | 4,48,660 | 2.6993% |
| Smt. Manju Gupta | 2,18,464 | 2,16,464 | 1.3023% |
| Shri Sahil Gupta | 1,66,028 | 1,64,028 | 0.9869% |
The figures confirm the details of the acquisition made by BRL Finlease Limited from the various Promoter members as part of the inter-se transfer process.
BHARATRAS Stock Price Movement
Shares of Bharat Rasayan Limited today slipped by 1.21% to close at ₹1384.4, despite trading in the ₹1371.2 to ₹1418.1 range. The stock settled amid a day where it shed ₹17.10 against its previous close.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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