Inter-se transfer= Internal transfer among promoter(s) and promoters group.
A Listed Company having promoters' and promoters' group holding around 60%. Now one promoter wants to transfer its 7% shares to other promoter(s).
It would be inter-se transfer under section 3(1)(e) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. And fully allowed subject to certain disclosures under Takeover Code and Insider Trading regulations.
How the transfer can take place?? Transfer can only be made through Stock Exchange.
In case he sells shares, it is not necessary that only that promoter will purchase share. Any other persons may also purchase those shares.
Then how it remain internal transfer among promoters.
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