The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dr Bondada Raghavendra Rao
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Dr. Bondada Raghavendra Rao, promoter of Bondada Engineering Ltd, bought 3,400 equity shares (0.003% stake) through the open market on March 2, 2026. His holding increased marginally from 45.04% (5,02,62,000 shares) to 45.043% (5,02,65,400 shares). The disclosure was filed under SEBI Takeover Regulations, and the company's total equity share capital remains unchanged at 11,15,93,485 shares of Rs. 2 each. The acquisition is small in size but shows the promoter gradually building his stake in the company.
This is a minor open-market purchase by the promoter and is unlikely to move the stock price materially. However, it signals continued promoter confidence, with the promoter steadily moving his holding closer to the 50% takeover threshold.