Triveni Turbine Limited — Others, 07-03-2025: Disclosure under SEBI Takeover Regulations

Zia Nikhil Sawhney has announced a board meeting regarding her proposed acquisition of 9,99,705 equity shares of Triveni Turbine Limited from her husband, Mr. Nikhil Sawhney, by way of off-market transfer. This transfer, valued at Re. 1 per share, is categorized under an inter-se transfer among immediate relatives and will not affect the promoter group's total shareholding, which remains at 55.84%. The rationale behind this transaction appears to be a personal arrangement rather than a strategic financial move. Investors may perceive this as a neutral impact, as the overall promoter stake remains unchanged, maintaining stability within the company’s ownership structure.