The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Apurva Investment Company Ltd
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Apurva Investment Company Limited, part of the Promoter/Promoter Group of Amalgamated Electricity Company Ltd, has disclosed an acquisition of 4,00,408 equity shares of the company via inter se transfer on 28 May 2025. This increased Apurva Investment's stake from 2,52,562 shares (9.09%) to 6,52,970 shares (23.52%) of the total equity share capital. The mode of acquisition is inter se transfer, meaning shares were moved between promoter group entities. The total share capital of the company remains unchanged at 27,76,512 shares. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations, 2011.
This is essentially a reorganisation within the promoter group — shares shifted from one promoter entity to another rather than being bought from the open market. For retail shareholders, there is no change in total promoter control or share capital, though the concentration of holdings within one promoter entity (Apurva Investment) has materially increased to nearly a quarter of the company.