Promoters Execute Inter-se Share Transfers in Apis India Ltd
Members of the Promoter Group have completed inter-se transfers involving shares of Apis India Ltd., resulting in changes in holding percentages for individual members, according to disclosed details. The transactions were categorized as off-market transfers between immediate relatives and were executed through a Gift mechanism.The movement of shares by Mr. Amit Anand saw an increase in his stake in the company. Previously holding 2,44,85,825 shares, which constituted 17.78% of the total share capital, Mr. Anand acquired 1,07,00,000 shares (representing 7.77% of the total share capital). Following the acquisition, his total holding stands at 3,51,85,825 shares, translating to a 25.55% stake in Apis India Ltd.
The transfer by Mrs. Sakshi Anand involved the disposition of her existing holdings. Mrs. Anand, who previously held 1,07,00,000 shares—representing 7.77% of the total share capital—transferred these shares to another party. As a result of this acquisition/disposal, she currently holds Nil shares in Apis India Ltd.
Details of the acquisitions and disposals for both Promoter Group members are summarized below:
| Shareholding Status | Mr. Amit Anand (Acquirer) | Mrs. Sakshi Anand (Transferor) |
|---|---|---|
| Shares Before Transaction | 2,44,85,825 shares (17.78%) | 1,07,00,000 shares (7.77%) |
| Shares Acquired/Disposed Off | 1,07,00,000 shares (7.77%) | 1,07,00,000 shares (7.77%) |
| Shares After Transaction | 3,51,85,825 shares (25.55%) | Nil shares |
The company's equity share capital remained unchanged at Rs. 137,75,19,000/- (13,77,51,900) Equity shares of Rs. 10/- each following the transactions. Both Ms. and Mr. Anand hold membership within the Promoter Group of Apis India Ltd. The transfers were conducted through an Off-Market Inter-se-Transfer immediate relative by way of Gift mechanism.
Stock Price Movement
Apis India Ltd shares settled at ₹60.42 on Wednesday, declining by 1.56% in post-market trading. The stock navigated a volatile range throughout the session, dipping as low as ₹59.31 before reaching an intraday high of ₹61.80.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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