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| Exchange Received Time 12/06/2019 18:31:53 Exchange Disseminated Time 12/06/2019 18:32:00 Time Taken 00:00:07 | Pursuant to Regulation 10(5) read with Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ('Takeover Regulations'), this is to inform you that Mrs. Malti Wadhawan, being a person named as Promoter in the Shareholding Pattern filed with the Stock Exchange i.e. Bombay Stock Exchange and National Stock Exchange of India, intends to transfer 81,00,000 (Eighty One Lakhs) Equity Shares of Housing Development and Infrastructure Limited to Mr. Rakesh Kumar Wadhawan, Promoter of the Company, also a person named as part of Promoter in the Prospectus and in the Shareholding Pattern filed with the Stock Exchange(s).
This being an 'inter-se' transfer of shares amongst Promoters, the same falls within exemptions under Regulations 10(1)(a)(ii) of Takeover Regulations.
In this connection, the necessary disclosure under Regulation 10(5) for the aforesaid transfer in the prescribed format is enclosed herewith for your information and records.
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