Promoter Ratna Saraf gifted 2,026,520 shares to her son. Her stake reduced from 23.44% to 11.72%. This off-market share transfer involved no monetary exchange.
Asian Hotels (East) promoter, Arun Kumar Saraf, significantly boosted his stake by acquiring 2,026,520 equity shares via an off-market gift. His holding increased from 0.08% to 11.80%, signaling enhanced promoter confidence.
Mr. Arun Kumar Saraf has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
The provided document contains only dates and no announcement text regarding insider trading or SAST regulations. Therefore, a summary cannot be generated. Please provide the actual announcement content.