SCM Commercial Private Limited has announced an inter-se transfer of 74,00,000 equity shares of Deepak Fertilisers And Petrochemicals Corporation Limited. The shares are being acquired from Robust Marketing Services Private Limited, another entity within the promoter group. This transaction represents 5.86% of the total share capital of the target company. The transfer is intended to consolidate holdings among qualifying promoters while maintaining existing compliance standards.
Details of the Share Transfer
The acquisition involves a significant stake transfer within the promoter group of Deepak Fertilisers And Petrochemicals Corporation Limited. SCM Commercial Private Limited will acquire 74,00,000 shares, equivalent to 5.86% of the total share capital. The transferor, Robust Marketing Services Private Limited, will see its stake in the target company reduce from 8.77% to 2.91% as a result of this transaction.
Transaction Rationale and Compliance
This internal reorganization is classified as an inter-se transfer between entities under common control. The acquisition price for these shares is determined in accordance with the regulatory limits, ensuring it does not exceed 25% of the 60-day volume-weighted average price, which stands at 1075.27. The transfer is scheduled to take place on or after March 23, 2026.
Commitment to Disclosure Standards
Both the transferor and the transferee have confirmed their adherence to all necessary disclosure and reporting obligations. The move is designed to streamline the shareholding structure within the promoter group, ensuring that the aggregate control remains consistent with previous standings while facilitating the transfer of equity between these designated qualifying entities.
Source: BSE
