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Uni Abex Alloy Products LtdInsider Trading, 01-01-1970: Insider Trading / SAST

01-01-1970 | 12:00 am

Neterwala Family Trust has received approval for an indirect acquisition of shares and control in Uni Abex Alloy Products Limited. This involves Mr. Feroze D. Neterwala transferring his stake in Chemicals and Ferro Alloys Private Limited (CFA) to the Trust. This move gives the Trust indirect control over 63.48% of Uni Abex, including holdings through CFA (21.85%), Unitel Finance (41.39%), and S.D.N Company (0.24%). This is an internal family reorganization for succession planning, a non-commercial transaction. There is no change in the overall promoter group's 63.63% shareholding, public shareholding, or company management. SEBI has granted an exemption from open offer requirements.

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