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Bharat Mohta

5 articles
Shifts in ownership within the promoter group of Indian Wood Products are underway, as Bharat Mohta has received a significant gift of 9.16 million shares, or 14.32%, from his mother, Savita Mohta. This inter-se transfer, exempt from open offer requirements under SEBI regulations, results in Bharat Mohta’s stake increasing to 26.26%, while Savita Mohta’s holding is reduced to zero. While Krishna Kumar Mohta also executed a small sale of shares, the overall promoter group holding remains unchanged, and the company confirmed no share encumbrances were created during the recent fiscal years, suggesting a stable ownership structure despite these adjustments.