Omaxe Limited — Others, 10-12-2024: Disclosure under SEBI Takeover Regulations

Omaxe Limited's promoter, Mr. Rohtas Goel, is set to acquire up to 33,36,120 equity shares from Mr. Sunil Goel, representing approximately 1.82% of the company's share capital. The acquisition, scheduled for on or after December 16, 2024, will be conducted as a gift, thus avoiding the need for an open offer under SEBI regulations. Following this change, Rohtas Goel's total shareholding will increase to 45,50,120 shares, or 2.49% of Omaxe. This inter-family transaction reflects strategic consolidation within the promoter group, potentially enhancing investor confidence in management continuity and stability.