The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nightingale Growth
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Awaiting price reaction for this filing.
Nightingale Growth, a partnership firm (first holder Mr. Jay Poddar), acquired 5,262 equity shares (0.17%) of Darjeeling Ropeway Company Limited on 7th October 2025 through open market purchases on the stock exchange. After this acquisition, the firm's holding rose from 2,51,086 shares (8.23%) to 2,56,348 shares (8.40%) of the company's total equity capital of 30,50,000 shares. The acquirer has confirmed it does not belong to the promoter or promoter group. This is a small, gradual stake build-up by a non-promoter entity, filed under SEBI's Substantial Acquisition of Shares & Takeovers Regulations.
A non-promoter entity is creeping closer to the 10% shareholding threshold, which could attract market scrutiny. Any further purchases crossing 10% will trigger additional SAST disclosures and potentially open offer obligations, making this worth tracking closely.