Promoter Shalin Sheth to Acquire 10 Lakh Shares of Advait Energy Transitions Limited from Spouse
Advait Energy Transitions Limited has seen a proposed inter-se transfer of equity shares involving its promoter, Mr. Shalin Sheth. The transaction involves the acquisition of one million fully paid up equity shares (Equity shares) by Mr. Sheth from Mrs. Rejal Shalin Sheth, his immediate relative.The proposed acquisition pertains to 10,00,000 Equity shares of Advait Energy Transitions Limited, with each share valued at Rs 10/-. This transfer is planned for on or after June 15, 2026, and will be conducted as an off-market transaction pursuant to a gift agreement.
The details concerning the acquisition, which involves the Promoter acquiring shares from their spouse, are as follows:
| Stakeholder | Before Proposed Transaction (Shares / %) | After Proposed Transaction (Shares / %) |
|---|---|---|
| Shalin Sheth (Acquirer) | 56,02,500 / 51.20% | 66,02,500 / 60.34% |
| Mrs. Rejal Shalin Sheth (Seller) | 16,28,179 / 14.88% | 6,28,179 / 5.74% |
The shares are being acquired at a price of Nil, as the transaction is an inter-se transfer amongst promoters through a gift arrangement, meaning no consideration is involved in the exchange. The rational for the proposed transfer was noted as the Inter se Transfer by the Promoter to their immediate relative.
ADVAIT Stock Price Movement
Advait Energy Transitions Limited shares surged today, closing at ₹2346.2 after rallying 7.31%, driven by strong investor interest. The stock’s climb was robust, reaching near its 52-week high during the session and trading a volume of 242,848 shares.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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