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Sunteck Realty Ltd Major Shareholding Notification 2021

Sep 21, 2021

62284_rns_2021-09-22_fabdcc54-bc3c-4067-a3ce-5cbe95f6028b.pdf

Major Shareholding Notification

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Date: September 21, 2021

To

National Stock Exchange of India Ltd Listing Department Exchange Plaza, Plot no. CII, G Block, Bandra-Kurla Complex Bandra (East), Mumbai- 400 051 Scrip Code: SUNTECK Dear Sir,

To

Corporate Relation Department BSE Limited P. 1. Tower, Dalal Street, Mumbai - 400 00 I Scrip Code: 512179

Sub: Disclosnre under Regulation 10(5) - Intimation to Stock Exchanges in respect of acquisition nnder Regulation 10(I)(a) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

The promoter I promoter group entities viz. Astha Trust and Paripurna Trust intend to sell, in the aggregate, upto 16,25,000 equity shares of Sunteck Realty Limited to other promoter controlled entities by way of 'inter-se' transfer.

This acquisition is pursuant to inter se transfer of shares amongst qualifying persons as specified in Regulation 10 (I lea).

The form as prescribed under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 201 1 setting out the details of the proposed acquisition of shares of Sunteck Realty Limited by way of inter-se transfer, is attached.

Thanking You,

For and on behalf of

Authorised Signatory

Enc!.: As stated above

Cc: Sunteck Realty Limited 5th Floor, Suntcck Centre, 37-40, Subhash Road, Vile Parle (East) Mumbai 400057

Format for Disclosures under Regulation 10(5) -
Intimation to Stock Exchanges in
respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of
Shares and Takeovers) Regulations, 2011
I. Name of the Target Company (TC) Sunteck Realty Limited
2. Name of the acquirer(s) I.
2.
Eskay Infrastructure Development Private
Limited
Abhisar Securities Services Private Limited
3. Whether the acquirer(s) is/ are promoters
of the TC prior tothe transaction. If not,
nature
of relationship
or association
with the TC or its promoters
Yes
4. Details of the proposed acquisition
a Name of the person(s) from whom
shares are to be acquired
I.
2.
Astha Trust
Paripurna Trust
b Proposed date of acquisition On or after September 27, 2021 Le. post 4 working
days from date of this disclosure
c Number of shares to be acquired
from each person mentioned in 4(a)
above
a. upto
b. upto
8,75,000
equity
shares
of the
Target
Company from Astha Trust; and
equity
of the
7,50,000
shares
Target
Company from Paripurna Trust
d Total shares to be acquired as %
of share capital ofTC
Upto a maximum of 16,25,000 (1.11 %) equity shares
of the Target Company
e Price at which shares are
proposed to be acquired
Market Price
f Rationale, if any, for the proposed
transfer
Inter se transfer
5. Relevant sub-clause of regulation
I O( I lea) under which the acquirer is
exempted from making open offer
10(1)(a)(ii) and 10(1)(a)(iii)
6. If, frequently traded, volume weighted
average market price for a period of
trading
days preceding the 'date of
60
issuance of this notice as traded on the
stock exchange where the maximum
volume of trading in the shares of the
TC are recorded during such period.
Rs. 380.53487 (As per NSE)
7. If in-frequently traded,
the
price as
determined in terms of clause (e) of sub
regulation (2) of Regulation 8.
Not Applicable
8. Declaration by the acquirer, that the
acquisition price would not be higher by
more than 25% of the price. computed in
point 6 or point 7 as applicable.
The Acquirers confirm that the acquisition price
would not be higher by more than 25% of the price
computed in point 6.
9. L Declaration by the acquirer, that the
transferor
and
transferee
have
I. The Acquirers confirm that the transferors
and the transferees have complied (during 3

complied (during 3 years prior to the
date of proposed acquisition) / will
comply with applicable disclosure
requirements in Chapter V of the
Takeover
Regulations,
2011
(corresponding
provisions
of the
repealed
Takeover
Regulations,
1997)
ii. The
aforesaid
disclosures
made
during previous 3 years prior to the
date of proposed acquisition to be
furnished
years prior to the date of proposed
acquisition)/ will comply with the applicable
disclosure requirements in Chapter V of the
Takeover Regulations, 20 II (corresponding
provisions of the repealed Takeover
Regulations 1997).
The details are given in Annexure I and the
II.
copies of such disclosures are enclosed.
10. Declaration by the acquirer that all the The Acquirers confirm that all the conditions
conditions specified
under regulation
specified under regulation I O( I lea) with respect to
lO( I lea) with respect to exemptions has the exemption have been duly complied with.
been duly complied with.
II Shareholding details Before the proposed
After the proposed
transaction transaction
No. of %w.r.t. No. of %w.r.t.
shares/voting total shares/votin total
rights share g rights share
capital capital of
ofTC TC
a. Acquirer(s) and PACs (other than
sellers)(*)
6,58,60,120 44.99 6,74,85,120 46.10
b. Seller (s) 3,24,45,975 22.16 3,08,20,975 21 .05
The detailed shareholding before and after the proposed transactions is enclosed as Annexure II

For and on behalf of Eskay Infrastructure Development Private Limited; and Abhisar Securities Services Private Limited

Date: September 21, 2021 Mumbai

  • Note:
  • (*) Shareholding of each entity may be shown separately arrd r(~ ollectively in a group .
  • The above disclosure shall be signed by the acquirer mentioning date & place. In case, there is more than one acquirer, the report shall be signed either by all the persons or by a person duly authorized to do so on behalf of all the acquirers.

Annexure - II

Acquirer(s) and PAC(s) (other than sellers)

Name of the shareholder Before the proposed transaction After the proposed transaction
No. of fully paid up equity Shareholding as a % of
shares/voting rights held total no. of shares
No. of fully paid up equity Shareholding as a % of
shares/voting rights held total no. of shares
Akrur Kamal Khetan 2,240,620 1.53 2,240,620 1.53
Anupma Kamal Khetan 2,352,660 1.61 2,352,660 1.61
Shanti Shrigopal Khetan 100,000 0.07 100,000 0.07
Eskay Infrastructure Development Pvt
Ltd
2,258,410 1.54 3,258,410 2.23
Glint Infraprojects Pvt Ltd 2,189,631 1.50 2,189,631 1.50
Samagra Wealthmax Private Limited 3,834,829 2.62 3,834,829 2.62
Satguru Infocorp Services Pvt Ltd 3,000,000 2.05 3,000,000 2.05
Starlight Systems Pvt Ltd 3,000,000 2.05 3,000,000 2.05
Starteck Infraprojects Pvt Ltd 314,374 0.21 314,374 0.21
Matrabhay Trust 46,569,296 31.81 46,569,296 31.81
Kamal Khetan 150 0.00 150 0.00
Manisha Khetan 150 0.00 150 0.00
Abhisar Securities Services Pvt Ltd 625,000 0.43
Total I 65,860,120 44.99 67,485,120 46.10

Seller(s)

Name of the shareholder Before the proposed transaction After the proposed transaction
No. of fully paid up equity Shareholding as a % of
shares/voting rights held total no. of shares
No. of fully paid up equity Shareholding as a % of
shares/ voting rights held total no. of shares
Paripurna Trust 17,021,488 11.63 16,271,488 11.11
Astha Trust 15,424,487 10.54 14,549,487 9.94
Total II 32,445,975 22.16 30,820,975 21.05
Grand Total (I + II) 98,306,095 67.15 98,306,095 67.15

Note: The above is based on transfer of entire stake for which the disclosure is filed (i.e. maximum 16,25,000 equity shares of Target Company). In case the actual number of shares transferred is lower
than 16,25,000 share

For Abhisar Securities Services Pvt Ltd For Eskay Infrastructure Development Pvt Ltd

Authorised Signatory