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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Bilcare Limited informed BSE about an open market purchase of shares by Guttikonda Rajasekhar along with Guttikonda Vara Lakshmi and Guttikonda Anuradha (acting in concert). On 29.08.2025, the group bought a combined 5,45,667 shares (2.30% of total equity), with Guttikonda Vara Lakshmi accounting for 5,29,319 shares and Guttikonda Rajasekhar for 16,348 shares. Their collective holding rose from 11.38% to 13.69% of the company's paid-up equity (which consists of 2,35,45,231 shares of Rs. 10 each, totalling Rs. 23.54 crore in capital). The acquirers have explicitly confirmed that they do not belong to the promoter or promoter group of Bilcare. This disclosure was triggered because their holding crossed the 10% regulatory threshold.
A non-promoter group is steadily accumulating a sizeable stake in Bilcare (now 13.69%), which is a level worth monitoring for existing shareholders. While not a promoter-driven move, further buying could push them toward the 15% creeping acquisition threshold, potentially setting up a more significant ownership event for the company.