The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Indra Kumar Bagri & PACs
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Indra Kumar Bagri (non-promoter) along with Persons Acting in Concert (Seema Pugalia and Manjari Bagri) acquired 314,245 equity shares of Automobile Products of India Ltd on April 29, 2026 through open market purchase. This increased their combined holding from 0.0336% (2,086 shares) to 5.09% (316,331 shares). The acquirer group purchased 4.86% (302,197 shares) individually. The target company's share capital increased from 48,17,656 shares to 62,17,071 shares after the acquisition. The acquirer explicitly stated they do not belong to the Promoter/Promoter group.
A non-promoter investor has crossed the 5% threshold by acquiring 5.05% stake in one transaction, which may signal potential interest in the company. This accumulation by a non-insider entity could attract market attention.