The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Godavari MSW Management Projects Pvt Ltd & ....
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Godavari MSW Management Projects Pvt Ltd has disclosed under SEBI SAST Regulation 29(2) that it acquired an 18.50% stake in Goldenvalley Holdings Private Limited, an existing promoter of Citiport Financial Services Ltd, on 3 May 2025. Because Goldenvalley is a promoter of Citiport, this stake purchase results in an indirect acquisition of 5.36% voting capital in Citiport. The acquirer clarified that it does not belong to the promoter or promoter group of Citiport. Total equity capital of Citiport remains Rs. 3.10 crore (31 lakh shares of Rs. 10 each). This is a creeping acquisition just below the 10% disclosure threshold, but disclosed voluntarily under SAST rules for indirect stakes.
Retail shareholders should note that a non-promoter entity has quietly built an indirect 5.36% exposure in Citiport by buying into one of its promoters (Goldenvalley Holdings). Since the acquirer is outside the promoter group, this does not change direct shareholding, but it could signal a larger restructuring or eventual takeover bid. Stock may see mild volatility given the small free-float and low trading volumes typical of such micro-cap companies.