The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for S.S. Ganesh
DAVANGERE · price
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S.S. Ganesh, a member of the promoter group of Davangere Sugar Company, has been allotted 14,50,70,861 equity shares under a Rights Issue on 3rd September 2025. This acquisition increases his holding from 21,23,47,813 shares (22.57%) to 35,74,18,674 shares (24.99%) of the expanded share capital. The company's total equity share capital expanded significantly as part of the rights issue. The mode of acquisition is specifically noted as 'Allotment of shares on Rights Basis,' meaning the promoter subscribed to his entitlement in the fund-raising exercise rather than buying from the open market.
This signals continued promoter confidence and commitment to the company, as the promoter chose to invest further via the rights issue. The promoter holding is now at 24.99%, sitting just below the 25% open-offer trigger threshold, which shareholders should monitor closely.