Promoter's Shareholding Rises as Rajni Seth Acquired Shares Following Succession at My Money Securities Ltd
Mrs. Rajni Seth, a promoter of My Money Securities Limited, has seen her shareholding increase following the acquisition of equity shares consequent upon the demise of Mr. Govind Narain Seth, also a promoter of the company. The transaction, which involved transmission of shares, saw her total stake rise to 5.52% of the paid-up equity share capital.The acquisition relates to the transfer of 1,37,050 equity shares, each having a face value of X10/-. This transmission event resulted in Mrs. Seth’s accumulated holding surpassing the five percent threshold of the company's paid-up equity share capital.
Prior to this acquisition, Mrs. Rajni Seth was holding 7,90,300 equity shares, which constituted 4.70% of the paid-up equity share capital of My Money Securities Limited. Following the transmission and subsequent purchase, her total stake expanded to 9,27,350 equity shares, representing 5.52% of the company's paid-up equity share capital.
The acquisition was carried out by way of transmission due to the demise of Mr. Govind Narain Seth. This specific type of acquisition is exempt from the requirement of making an open offer, in terms of relevant regulations governing substantial acquisitions of shares and takeovers, as it falls under succession/inheritance.
Key details of Mrs. Rajni Seth's shareholding before and after the transaction are summarized below:
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Promoter Holding (Shares) | 790,300 | 927,350 |
| Shareholding Percentage | 4.7% | 5.52% |
| Shares Acquired in Transmission | 137,050 | N/A |
The shares acquired via transmission constitute a part of the promoter's holdings at My Money Securities Limited.
Stock Price Movement
My Money Securities Ltd. settled at the close of trading today at ₹43.93, registering a minor decrease of 0.02%. The shares exhibited significant movement throughout the session, swinging between an intraday low of ₹40.00 and a high of ₹47.97.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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