Jyothy Labs Limited — Others, 01-04-2025: Disclosure under SEBI Takeover Regulations
01-04-2025 · 12:05 pm
Ms. M R Jyothy has announced a board meeting to address the acquisition of 8,23,896 equity shares (0.22%) of Jyothy Labs Limited from Mr. M. P. Ramachandran as a gift. This inter-se transfer falls under the exemptions of SEBI Takeover Regulations and will not affect the total shareholding of the Promoter and Promoter Group. Post-transaction, Ms. Jyothy's shareholding increases to 1,03,61,770 shares (2.82%), while Mr. Ramachandran's holding decreases to 64,12,012 shares (1.75%). This move may enhance investor sentiment by showcasing strong family ties within the company, potentially indicating a stable future for shareholders.
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