Longview Tea Company Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Shantanu Daga, a promoter group member of Longview Tea Company Limited, acquired 321,750 shares from Asha Devi Daga, another promoter, via an off-market gift without consideration. This internal family transfer increased Shantanu Daga's stake from 2.50% to 13.24%, while Asha Devi Daga's holding became 0%. The company filed an exemption application with SEBI for this inter-se transfer within the promoter group, which involves a grandmother gifting shares to her grandson. The shares of Longview Tea Company Limited are currently suspended on the Bombay Stock Exchange.