The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sangeeta Pareekh & PACs
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Sangeeta Pareekh, along with Persons Acting in Concert (PACs) — Securocrop Securities India Pvt Ltd and BGP 11 Analytics Pvt Ltd — acquired 9,26,000 equity shares (10.03% of share capital) of CDG Petchem Ltd through a preferential allotment on June 14, 2025. Before this acquisition, the acquirer group held Nil shares, so this was a fresh entry into the company. The acquirer has explicitly stated that she does not belong to the promoter or promoter group. The shares were allotted pari-passu with existing equity shares, subject to SEBI ICDR lock-in provisions. As part of this preferential allotment, the company's equity share capital increased from Rs. 3.08 crore (30.77 lakh shares) to Rs. 9.24 crore (92.35 lakh shares), with total diluted capital of Rs. 10 crore (1 crore shares).
This indicates a new strategic non-promoter investor taking a meaningful 10%+ stake via preferential route, bringing fresh capital but also causing significant dilution (~3x increase in share count) for existing shareholders. The mandatory disclosure under SAST Regulations is itself triggered by crossing the 10% threshold.