Aparna T.C., a Promoter of Edelweiss Financial Services Limited, proposes to acquire 1,17,90,000 equity shares, representing 1.25% voting rights, of the company.
- The acquisition is by way of gift through an off-market inter-se transfer from Kaavya Venkat Arakoni, her daughter and a member of the Promoter Group.
- The proposed acquisition is expected to take place between June 27, 2025, and June 30, 2025.
- Post-acquisition, Aparna T.C.'s shareholding will increase from 1,22,10,000 shares (1.29%) to 2,40,00,000 shares (2.54%).
- Kaavya Venkat Arakoni's shareholding will become nil after transferring her 1,17,90,000 shares (1.25%).
- This transfer is in compliance with Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.