MAS Financial Services Limited — Others, 07-08-2025: Disclosure under SEBI Takeover Regulations
07-08-2025 | 05:10 pm
07-08-2025 | 05:10 pm
MAS Financial Services Limited announced the transmission of 4.85 crore shares, representing 26.71% of total equity, to MCG Private Family Trust. This is the second stage of transferring shares belonging to the late Mr. Mukesh Chimanlal Gandhi, moving them from his estate to the Trust as per his will. The MCG Private Family Trust is a member of the Promoter Group. This internal transfer consolidates a significant promoter stake within the family, ensuring continuity in shareholding. The company is seeking an exemption for this acquisition, which means it will not trigger a public open offer.
No comments yet. Be the first to comment!
