The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Apurva Investment Company Ltd
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Apurva Investment Company Limited, part of the promoter group of Amalgamated Electricity Company Ltd, acquired 190,060 equity shares (6.85% of the company's share capital) via an inter se transfer on May 23, 2025. Before this acquisition, Apurva held 62,502 shares (2.25%); after the transaction, its holding rose to 252,562 shares, taking its stake to roughly 9.1% of the company. The equity share capital of the target company remains unchanged at 27,76,512 shares. This is a revised disclosure filed under SEBI's takeover regulations, likely reflecting the interse transfer of shares between promoter group entities.
This is a reshuffling of shares within the promoter group rather than a change in overall promoter ownership, so it is generally neutral for minority shareholders. However, it consolidates more voting power within one promoter entity, and any further acquisitions by the promoter group should be tracked for creeping acquisition thresholds.