Insider Trading & SAST disclosures for KIFS Financial Services Ltd.
The latest disclosure under SEBI Prohibition of Insider Trading regulations was made by
Khandwala Commercial Pvt Ltd in KIFS Financial Services Ltd. where Acquisition of 8,050,000
shares done at an average price of Rs. 22.8
was reported to the exchange on Dec. 31, 2015.
The latest disclosures under SEBI SAST(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 transaction was made by
Khandwala Commercial Pvt Ltd in KIFS Financial Services Ltd. where Acquisition of 8,050,000
shares done
was reported to the exchange on Dec. 30, 2015.
Insider trades are disclosures under SEBI (Prohibition of Insider Trading) Regulations, 2015 ([Regulation 7 (2) with 6(2)] made by corporate insiders: promoters, officers, directors, employees and large shareholders who are buying and selling stock in their own companies.
| Client Name |
Client Category |
Action* |
Reported To/By Exchange |
Quantity |
Post Transaction Holding |
Traded % |
Avg. Price |
Value |
Period |
Regulation (Insider/SAST) |
Security Type |
Mode |
|
Khandwala Commercial Pvt Ltd
|
Promoter |
Acquisition |
31 Dec 2015 |
8,050,000 |
8,050,000
(74.41%)
|
74.41%
|
22.8 |
183,137,500
|
29 Dec 2015
29 Dec 2015 |
Insider Trading |
- |
Inter-se Transfer |
|
KIFS Securities Ltd
|
Promoter |
Disposal |
31 Dec 2015 |
8,050,000 |
-
|
74.41%
|
22.8 |
183,137,500
|
29 Dec 2015
29 Dec 2015 |
Insider Trading |
Equity Shares |
Inter-se Transfer |
|
Khandwala Commercial Pvt Ltd
|
Other |
Acquisition |
30 Dec 2015 |
8,050,000 |
-
|
74.41%
|
|
-
|
29 Dec 2015
29 Dec 2015 |
SAST (10(6)) |
- |
- |
|
KIFS Securities Pvt Ltd
|
Promoter |
Disposal |
30 Dec 2015 |
8,050,000 |
-
|
74.41%
|
|
-
|
29 Dec 2015
29 Dec 2015 |
SAST (29(2)) |
- |
Inter-se Transfer |
|
Khandwala Commercial Pvt Ltd
|
Other |
Acquisition |
11 Dec 2015 |
8,050,000 |
-
|
74.41%
|
|
-
|
17 Dec 2015
30 Dec 2015 |
SAST (10(1)(a)) |
- |
None |
*Actions covered:
Acquisition (Buy): Purchase of shares
Disposal (Sell): Sale of shares
Pledge: Shares being used by promoters as collateral for loans. Usually a negative signal.
Revoke: When shares are released from a pledge. Usually a positive signal.
Invoke: When pledged shares are invoked by companies/banks who have provided the collateral, which may result in acquisition of stake in the company. Usually a negative signal.
Client Category: Promoter/ KMP/ Director / Immediate Relatives / Employee / etc
Security Type: Share/ Warrants / Convertible Debentures
Kind of transaction Mode: Public rights/ preferential offer / off market / inter-se transfer/ Market Sale
Data as reported to BSE and NSE
Insider trading data is from Disclosure under SEBI (Prohibition of Insider Trading) Regulations, 2015.