News Announcement

Ganges Securities: Disclosure Under Regulation 10(5) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations 2011

Notice is hereby given that pursuant to Regulation 10(1)(a)(ii) read with Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations 2011 the Company has received an information of Inter-se transfer of Shares (by way of Gift) amongst the Promoter and Promoter Group.As per the attached intimation this being an inter-se transfer of shares amongst the Promoter and Promoter Group falls within the exemption under Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations 2011 (qualifying person being promoter in the shareholding pattern filed by the target company for not less than three years prior to the proposed acquisition).In this regard necessary disclosure under Regulation 10(5) for the proposed transaction in prescribed format as submitted by the acquirer is enclosed herewith for your kind information and records.Kindly take the same on your record.

Ask Value Research aks value research information

No question is too small. Share your queries on personal finance, mutual funds, or stocks and let us simplify things for you.