Samit Garg Acquires Shares in E Factor Experiences Limited Through Transmission
E Factor Experiences Limited announced that Samit Garg, Managing Director and Promoter of the company, has received 3,97,500 shares through transmission from the late Smt. Aruna Garg, also a Promoter of the company. This transaction represents 3.03% of the company’s equity share capital.The acquisition falls under the exemption provided by Regulation 10(1)(g) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which covers acquisitions through transmission, succession, or inheritance.
Following the transmission, Mr. Garg’s total shareholding has increased to 4,194,400 shares, representing 31.94% of the equity share capital. The consolidated shareholding of the Promoter and Promoter Group remains unchanged.
Shareholding Details
The following table summarizes the shareholding details before and after the transaction:
| Shareholding Details | Pre-Transaction (No. of shares held) | Pre-Transaction (% w.r.t total share capital of TC) | Post-Transaction (No. of shares held) | Post-Transaction (% w.r.t total share capital of TC) |
|---|---|---|---|---|
| Mr. Samit Garg | 37,96,900 | 28.91% | 41,94,400 | 31.94% |
| Late Smt. Aruna Garg | 3,97,500 | 3.03% | - | - |
The company is located at A - 49, Sector - 67, Noida, Uttar Pradesh. The registered office is located at 101 - A, Kundan Kutir, Hari Nagar, Ashram, New Delhi. The company’s website is www.efactorexp.com.
Source:
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.