8 hrs ago
Kama Realty Proposes Stake Purchase in Beaten-Down SRF Shares
Kama Realty wants to buy some shares of SRF Limited from Kama Holdings.
The purchase could include up to 3.2 million shares.
That is equal to 1.08% of SRF.
The price will be based on market prices and cannot be more than 25% above a specified average.
This is a transfer between companies in the same promoter group.
It will not change how much the promoter group owns overall.
SRF’s share price has recently gone down, including a 17.78% fall this year.
Kama Holdings’ shares have also fallen this year, although both companies have delivered positive returns over some longer periods.
Kama Realty proposed acquiring up to 3.2 million SRF Limited shares from Kama Holdings.
The proposed purchase represents up to 1.08% of SRF’s paid-up equity capital.
The acquisition price will be linked to the preceding trading day’s closing price and capped at 25% above the applicable market average.
The transaction is an internal promoter-group transfer and will not change overall promoter ownership or ultimate beneficial ownership.
SRF shares have fallen 17.78% year to date, while Kama Holdings shares have declined 18.70% over the same period.
- Who
- Kama Realty, Kama Holdings Limited, and SRF Limited; the filing also identified promoters Arun Bharat Ram, Ashish Bharat Ram, and Kartik Bharat Ram.
- What
- Kama Realty proposed acquiring up to 3,200,000 SRF shares from Kama Holdings.
- Where
- The transaction concerns shares traded on the National Stock Exchange of India Limited.
- When
- The proposal was disclosed on Thursday; the transfer is expected after four working days and no later than September 30, 2026.
- Why
- The filing describes it as an internal transfer within the promoter group, with no change in overall promoter ownership or ultimate beneficial ownership.
Key facts
- Acquirer
- Kama Realty
- Seller
- Kama Holdings Limited
- Target
- SRF Limited
- Maximum shares
- 3,200,000 equity shares
- Maximum stake
- 1.08% of SRF’s paid-up capital
- Reference market price
- The 60-trading-day NSE volume-weighted average market price before the notice date was ₹2,710.70 per share
- Completion window
- Expected after four working days and by September 30, 2026
Sources
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