Baba Arts Limited has announced the successful completion of the final tranche of share transfers from its promoter, Mr. Gordhan P. Tanwani, to the acquirer, M/s. Skybridge Interactive LLP. This transaction involved the transfer of 65,00,000 equity shares, representing 12.38% of the paid-up equity share capital, at a price of ₹6/- per share. The company also noted the prior transfer of 3,27,00,000 equity shares in an earlier tranche.
Promoter Stake Transfer Finalized
Baba Arts Limited has officially completed the final tranche of its Share Purchase Agreement (SPA) with its promoter, Mr. Gordhan P. Tanwani. The agreement, initially dated February 25, 2026, saw the transfer of 65,00,000 fully paid-up equity shares. These shares, each with a face value of ₹1/-, constituted 12.38% of the company’s paid-up equity share capital.
Transaction Details
The shares were transferred to M/s. Skybridge Interactive LLP, identified as the acquirer, through an off-market transaction at a price of ₹6/- per share. This specific tranche amounted to a total value of ₹3,90,00,000/-. The transfer was effected in the records of the depository on November 3, 2026, with the company receiving the intimation on the same day at 4:25 p.m.
Previous Tranche
This final tranche follows a previous significant transfer involving the first tranche of shares. On October 6, 2026, the promoter transferred 3,27,00,000 equity shares, which represented 62.29% of the paid-up equity share capital. The necessary disclosures for this earlier transaction were made by the Company on the same date.
Shareholding Impact
As detailed in Annexure A, prior to these transfers, Mr. Gordhan P. Tanwani held 65,00,000 shares (12.38%) and Mr. Pravin J. Karia held 8,000 shares (0.01%), making the promoter group’s total 65,08,000 shares (12.39%). The acquirer, Skybridge Interactive LLP, initially held 3,27,00,600 shares (62.29%), including 600 shares from an open offer. Following the final tranche, Mr. Gordhan P. Tanwani’s direct holding is now nil, while Skybridge Interactive LLP’s holding has increased to 3,92,00,600 shares (74.67%). The total shareholding of the promoter/promoter group and the acquirer after the complete transfer is reflected in the provided annexures.
Source: BSE
