The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Arihant Capital Markets Ltd
DAVANGERE · price
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Arihant Capital Markets Ltd, a non-promoter entity, has disclosed an acquisition of 1,85,45,346 equity shares (1.29%) of Davangere Sugar Company Ltd through open market transactions on January 9, 2026. This raises its holding from 4.97% (7,11,46,675 shares) to 6.27% (8,96,92,021 shares) of the company's total share capital. The disclosure is filed under Regulation 29(1) of SEBI Takeover Regulations, triggered because the acquirer's stake has crossed the 5% disclosure threshold. The acquisition is within the creeping acquisition limit of 5% per financial year for non-promoters.
A non-promoter financial institution increasing its stake above 5% signals growing institutional interest in Davangere Sugar, though the acquirer is not part of the promoter group so there is no change in management control. The crossing of 5% threshold means further acquisitions up to 10% will now require a mandatory open offer unless the creeping acquisition limit is exhausted.