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    <title>Inter promoter share transfer</title>
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    <description>Inter-promoter share transfer pricing is capped relative to the volume weighted average market price for the sixty trading days prior to the notice; the acquirer must intimate the stock exchanges at least four working days before acquisition. Promoters involved must have been disclosed as promoters for at least three years prior to the acquisition. Whether a public offer is required depends on Takeover Code thresholds and the resulting change in shareholding or control.</description>
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