The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh N Kawa & PACs
ABINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Non-promoter acquirer Hitesh N Kawa along with Persons Acting in Concert (Natwarlal K. Kawa HUF, Natwarlal Keshavjibhai Kawa, Roopal H Kawa) disclosed an increase in shareholding from 8.19% to 9.71% in A B Infrabuild Ltd. The acquisition of 18,44,667 shares took place between 24 October 2024 and 14 May 2025 through a mix of open market activity and subscription to a rights issue (allotment credited on 12 May 2025). Notably, the acquirer also sold some shares in October–November 2024 before subscribing to the rights issue. The company's equity capital expanded from Rs. 53.23 crore to Rs. 63.88 crore owing to the rights issue.
The acquirer's stake is now at 9.71%, sitting just below the 10% threshold that would trigger a mandatory open offer under SEBI Takeover Regulations. Any further purchase pushing them past 10% would require them to make an open offer to all shareholders. Retail investors should watch for any subsequent disclosures.