ALPHA TRIBE

eMudhra LimitedOthers, 05-03-2025: Disclosure under SEBI Takeover Regulations

05-03-2025 | 02:52 pm

Mrs. Mythili Srinivasan has announced a board meeting to disclose the acquisition of 1,27,50,000 equity shares (15.40% of the diluted share capital) of eMudhra Limited from Mr. Venkatraman Srinivasan. This transfer, executed as a gift, strengthens Mrs. Srinivasan's stake in the company, raising her holdings to 15.40%. The transaction was reported in compliance with SEBI regulations, with timely disclosure made on February 25, 2025. This strategic move could positively influence investor sentiment, highlighting the commitment of family stakeholders while potentially reducing market float.

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