The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kurjibhai Premjibhai Rupareliya
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On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 3.8 pts more than its TV Broadcasting & Software Production peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kurjibhai Premjibhai Rupareliya, an individual who is not part of the promoter group, has acquired 1,50,00,000 shares (59.12%) of Sri Adhikari Brothers Television Network Limited (SABTNL) through a Share Purchase Agreement and off-market transfer on 26 August 2025. Before this deal, the acquirer held zero shares in the company. After the acquisition, his total holding stands at 1,50,00,000 shares, representing 59.12% of both voting and diluted share capital. The target company's total equity share capital remains unchanged at 2,53,73,056 shares of Rs.10 each. The disclosure was filed under Regulation 29(1) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011, meaning a mandatory open offer to public shareholders is likely triggered.
This is a significant change of control event — a new non-promoter entity has acquired a majority 59.12% stake via off-market deal, which under SEBI rules typically triggers a mandatory open offer to remaining public shareholders. Expect major volatility in SABTNL stock and watch for details of the open offer window and pricing.