Promoters Transfer Shares in Clean Science and Technology Limited as Part of Asset Streamlining
Promoter entities have transferred a total of 66,38,000 equity shares of Clean Science and Technology Limited, marking an inter-se transaction intended to streamline the family's assets and businesses. Smt. Alaknanda Boob Business Trust and Asha Ashok Boob acquired the shares from Nilima Krishnakumar Boob through a gift, involving no consideration.The transaction details confirm that Smt. Alaknanda Boob Business Trust acquired 58,00,000 equity shares, while Asha Ashok Boob acquired 8,38,000 equity shares. These acquisitions represent an off-market transfer among the promoter group of Clean Science and Technology Limited (which is listed on BSE Limited and National Stock Exchange of India Limited).
Transaction Overview
The acquisition was executed to facilitate the streamlining of the family's assets and businesses. The share transfers involved the following details:| Transferor/Seller | Acquirer/Donee | Number of Shares | % w.r.t. Total Share Capital of TC |
|---|---|---|---|
| Nilima Krishnakumar Boob | Smt. Alaknanda Boob Business Trust | 58,00,000 | 5.46% |
| Nilima Krishnakumar Boob | Asha Ashok Boob | 8,38,000 | 0.79% |
| Total | - | 66,38,000 | 6.25% |
Shareholding Changes
The transaction resulted in an increase in the promoter holding of the company. The shares were acquired by Smt. Alaknanda Boob Business Trust and Asha Ashok Boob from Nilima Krishnakumar Boob.The shareholding details pre- and post-transaction are as follows:
| Entity | Pre-Transaction Shares Held (No.) | Pre-Transaction Holding (%) | Post-Transaction Shares Held (No.) | Post-Transaction Holding (%) |
|---|---|---|---|---|
| Smt. Alaknanda Boob Business Trust | 100 | 0.00% | 58,00,100 | 5.46% |
| Asha Ashok Boob | 1,01,98,392 | 9.60% | 1,10,36,392 | 10.38% |
| Total Acquirers | 1,01,98,492 | 9.60% | 1,68,36,492 | 15.84% |
| Nilima Krishnakumar Boob (Seller) | 67,29,986 | 6.33% | 91,986 | 0.09% |
CLEAN Stock Price Movement
Clean Science and Technology Limited shares today slipped by 2.41% to settle at ₹752.55, declining from the previous day's close of ₹767.5. The stock traded within a range of ₹743.35 and ₹781.7 during the session, with 116,627 shares recorded as traded.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.