In a strategic move, Pristine Property Management Private Limited has successfully acquired a significant stake in White Hall Commercial Company Limited, increasing its total shareholding to 51.49%. This acquisition follows the SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011, and was executed via an inter-se transfer of shares. The company disclosed this move on 24th December 2024 to the BSE Limited, highlighting the shift in the ownership structure.

The transaction involved the acquisition of 13,000 shares carrying voting rights, representing 5.22% of the total voting capital. Prior to the acquisition, Pristine Property Management held 46.27% of the shares in White Hall Commercial Company, and after the acquisition, the total holding has increased to 51.49%. The disclosure to BSE includes all necessary details regarding the acquisition, along with the relevant SEBI regulations that govern such transactions.

White Hall Commercial Company, listed on BSE, has an equity share capital of 2,49,000 equity shares, each having a nominal value of Rs. 10. Despite the changes in the shareholding, the total number of shares of the company remains unchanged post-acquisition. The increase in shareholding is part of a broader strategy by Pristine Property Management to consolidate its position and enhance its influence in White Hall Commercial Company.

This development follows the process outlined by SEBI, and the BSE disclosure ensures full transparency regarding the changes in the company's management and ownership structure. The disclosed details also confirm that Ashok P. Shah, the Director of Pristine Property Management, has signed off on the acquisition documentation.

In a broader context, this acquisition reflects the ongoing trends in corporate governance and shareholder activism within the Indian business landscape, particularly in companies listed on BSE. This move is expected to have implications for White Hall Commercial Company's future strategies and growth trajectory.

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