The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Guttikonda Anuradha & Others
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Three individuals acting in concert — Guttikonda Anuradha, Guttikonda Vara Lakshmi, and Guttikonda Rajasekhar — disclosed a combined open market purchase of 4,76,176 equity shares (2.02%) in Bilcare Limited via Regulation 29(2) of SEBI (SAST) Regulations, 2011. None of the acquirers belong to the promoter/promoter group. Post-acquisition, the group's total holding stands at 17,34,291 shares (7.37% of paid-up capital), up from 12,58,115 shares (5.34%) prior to the transaction. The actual share purchase happened on 17 March 2023, with this disclosure filed on 8 April 2025 — a significant delay. Equity share capital remained unchanged at 2,35,45,231 shares of Rs. 10 each.
Non-promoter buyers are steadily accumulating shares and now control 7.37% of the company, approaching the 10% SAST trigger threshold. This kind of creeping acquisition by a non-promoter PAC group could eventually lead to a takeover approach or influence board composition, and shareholders should monitor further disclosures as the group nears 10%.