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BCCL, as the Promoter/Holding Company of TGL, at its Board meeting held on 13th December 2023, approved the divestment of its entire 74.92% shareholding in TGL to the proposed Acquirers, which include Team India Managers Ltd, Surajkumar Saraogi, Sharda Omprakash Saraogi, and Karan Surajkumar Saraogi. A Share Purchase Agreement (SPA) was executed between BCCL and the Acquirers on 14th December 2023.As part of the sale of stake through the open offer under SAST Regulations, SEBI provided its clearance/final comments on the Draft Letter of Offer (DLOF) via its letter dated 20th March 2024.TGL, being an NBFC, filed an application for the change of its control and management with RBI on 24th January 2024. The application was approved by RBI on 26th September 2024.Upon receiving RBI's approval and completing the Open Offer process, the 67,37,399 equity shares (representing 74.92% of the equity share capital) held by BCCL were transferred to the Acquirers, Surajkumar Saraogi, Sharda Omprakash Saraogi, and Karan Surajkumar Saraogi, effective from 7th November 2024. 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