Tainwala Chemicals and Plastics Sees Shareholding Shift Following Intragroup Gift Transfer
Tainwala Chemicals and Plastics (India) Ltd has undergone a share ownership restructuring following an inter-se transfer of shares by way of gift amongst immediate relatives. The transaction details were noted in relation to the company's listings on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE).The acquisition was executed through Mr. Rakesh Dungarmal Tainwala, who acquired a portion of the equity shares from his relative, Mr. Rajkumar Tainwala. The transfer was classified as a gift transaction at NIL price.
As per the details provided, Mr. Rakesh Dungarmal Tainwala increased his stake following the acquisition, holding 5,86,464 Equity Shares, which represents 6.26% of the diluted share capital of the company. The transferor, Mr. Rajkumar Tainwala, reduced his holdings from a pre-transaction stake to a post-transaction holding of 18,596 shares, corresponding to 0.20% of the total share capital.
The shareholder positions before and after the transaction involving these two individuals are summarized in the table below:
| Shareholding Details | Pre-Transaction | Post-Transaction |
|---|---|---|
| Acquirer/Transferee: Rakesh Dungarmal Tainwala | 0 shares (0%) | 5,86,464 shares (6.26%) |
| Seller/Transferor: Rajkumar Tainwala | 6,05,060 shares (6.46%) | 18,596 shares (0.20%) |
TAINWALCHM Stock Price Movement
Tainwala Chemical and Plastic shares closed higher on Friday, settling at ₹199.96 after gaining 1.73%. The equity traded with a volume of 2,303 shares during the 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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