The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Guttikonda Rajasekhar
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Guttikonda Rajasekhar along with persons acting in concert (Guttikonda Anuradha and Guttikonda Vara Lakshmi) acquired 5,37,695 equity shares (2.29% of paid-up capital) of Bilcare Limited through open market on 16 October 2025. The total combined holding of the acquirer group increased from 13.69% (32,25,519 shares) to 15.98% (37,63,214 shares), thereby crossing the 15% threshold that triggers mandatory disclosure under SEBI Takeover Regulations. The acquirers do not belong to the promoter or promoter group of the company. The total share capital of Bilcare remained unchanged at 2,35,45,231 equity shares of Rs. 10 each.
A non-promoter group steadily raising its stake past 15% signals potential creeping control or a build-up toward a potential open offer trigger. Retail shareholders should watch for further disclosures if the group crosses the next 5% slab or approaches the 25% open offer threshold.