Promoter Smt. Shuchi Arora Acquires Shares of Jullundur Motor Agency Through Transmission
Smt. Shuchi Arora, a promoter, has acquired shares in Jullundur Motor Agency (Delhi) Limited following the transmission of shareholding from her late father, Santosh Sondhi. This acquisition increases her stake in the company.The transaction involves the transfer of shares via transmission as part of the estate settlement following the passing of Late Santosh Sondhi, who was a Promoter of Jullundur Motor Agency (Delhi) Limited. Smt. Shuchi Arora made the acquisition in her capacity as the only daughter and successor. The transaction details indicate that Smt. Shuchi Arora is exempt from open offer requirements under Regulation 10(1)(g) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The changes in shareholding reflect the inheritance transfer from the deceased promoter to Smt. Shuchi Arora.
Pre-Transaction Shareholding Details:
| Party | Relationship | Pre-Transaction Shares Held | Percentage of Total Share Capital |
|---|---|---|---|
| Smt. Shuchi Arora | Acquirer/Promoter | 18,67,311 | 8.18% |
| Santosh Sondhi | Transferor (Deceased) | 72,06,400 | 31.55% |
Post-Transaction Shareholding Details:
| Party | Relationship | Post-Transaction Shares Held | Percentage of Total Share Capital |
|---|---|---|---|
| Smt. Shuchi Arora | Acquirer/Promoter | 90,73,711 | 39.73% |
| Santosh Sondhi | Transferor (Deceased) | Nil | Nil |
The acquisition results in Smt. Shuchi Arora increasing her shareholding in Jullundur Motor Agency (Delhi) Limited from 8.18% to 39.73%. The transaction was reported as a transmission of shares, confirming the transition of ownership rights.
JMA Stock Price Movement
Shares of Jullundur Motor Agency (Delhi) Limited slipped significantly today after closing at ₹93.32, registering a 3.58% decline from its previous close. The stock traded within an intraday range of ₹97 to ₹92.31, with 17,731 shares recorded in the trading session.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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