The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Milton Cycle Industries Ltd
ATLASCYCLE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Milton Cycle Industries Ltd, part of the promoter/promoter group of Atlas Cycles (Haryana) Ltd, has purchased 3,00,000 equity shares of the company, increasing its holding from 10.24% (6,65,974 shares) to 14.85% (9,65,974 shares). The transaction was carried out under the creeping acquisition window permitted under SEBI Takeover Regulations (the acquirer's stake is between 10% and 25%). The date of acquisition is September 17, 2025, and the disclosure was filed under Regulation 29(2) of the SEBI (SAST) Regulations, 2011. No mandatory open offer is triggered as the holding remains well below the 25% takeover threshold.
This is a positive signal showing continued promoter confidence and consolidation of ownership in Atlas Cycles. For shareholders, it indicates the promoter group is willing to increase its economic interest, though overall promoter holding at 14.85% still leaves the company with dispersed ownership and limited controlling stake.