Nitin Jain Acquires 2,00,000 Shares of Silgo Retail from Bela Agrawal
Nitin Jain acquired 2,00,000 equity shares of Silgo Retail Limited from Bela Agrawal for ₹70.50 per share on September 02, 2026. This inter-se transfer among promoters increased Nitin Jain's stake to 38.35%. The transaction constitutes 0.62% of the company's diluted share capital.
The acquisition is an inter-se transfer among existing promoters and does not involve a change in control or a new substantial shareholder. The percentage of shareholding acquired is also relatively small (0.62%), thus having a minimal impact on the company.
The announcement reports a routine inter-se transfer of shares among promoters, which is an exemption under SEBI regulations and does not inherently indicate a positive or negative development for the company's operations or financials.
Silgo Retail Limited has submitted a report under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This report details the acquisition of 2,00,000 equity shares of the company by Mr. Nitin Jain from Mrs. Bela Agrawal. The transaction is classified as an inter-se transfer of shares among the promoters of Silgo Retail Limited, and it was carried out in reliance upon the exemption provided under Regulation 10(1)(a)(ii) of the SEBI (SAST) Regulations, 2011.
The acquisition took place on September 02, 2026, at a price of ₹70.50 per share. This transaction represents 0.62% of the total diluted share capital of Silgo Retail Limited. Following the acquisition, Mr. Nitin Jain's shareholding increased from 37.73% to 38.35% (1,22,40,649 shares), while Mrs. Bela Agrawal's shareholding decreased from 2.80% to 2.17% (6,93,750 shares).
The disclosure under Regulation 10(5) was made on August 26, 2026, within the stipulated timeline. The rationale provided for the transfer is the restructuring of shareholding among the promoters.
A plain-language summary of a public exchange filing by Silgo Retail Limited. Read the original for the full detail.