The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pari Washington India Master Fund Ltd & PAC
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Pari Washington India Master Fund Ltd (along with PAC Pari Washington Investment Fund), a foreign investor not part of the promoter group, disclosed cumulative open-market share purchases in CARE Ratings between February 28, 2022 and April 21, 2025. The acquirer bought 666,702 equity shares (2.23% of the company's share capital), raising its total holding from 2,240,379 shares (7.48%) to 2,907,081 shares (9.71%). The acquisition was made on the open market, and the company's total equity share capital remains unchanged at 29,93,214 shares. The acquirer is now just shy of the 10% disclosure threshold under SEBI takeover regulations.
A foreign institutional investor increasing its stake to 9.71% signals continued institutional confidence in CARE Ratings, though further purchases above 10% would trigger additional SEBI disclosure obligations. Shareholders should note that voting rights of this FII holder have grown meaningfully and any next acquisition crossing 10% will require a fresh public disclosure.