V-Guard Industries' promoter K Chittilappilly transfers 2.13 cr equity shares to Anekha Chittilappilly Trust

With the acquisition of shares, Anekha Chittilappilly Trust is classified under the Promoter Group category.

Jun 23, 2021 01:06 IST India Infoline News Service

V-Guard Industries has informed that Mithun Kochouseph Chittilappilly, Member of the promoter group and Chairman Emeritus transferred 2,13,00,000 equity shares of the Company constituting 4.95% of the total paid up share capital, through off-market by way of gift to Anekha Chittilappilly Trust.

Anekha Chittilappilly Trust was formed for the benefit of Anekha Mithun Chittilappilly, daughter of the former.

With the acquisition of shares, Anekha Chittilappilly Trust is classified under the Promoter Group category.

At around 1:24 PM, V-Guard Industries was trading at Rs270.25 per piece up by Rs6.5 or 2.46%.

Previously the scrip was closed at Rs263.75 per piece on the BSE.

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