The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shiv Narayan Daga
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Promoter Shiv Narayan Daga, along with five PACs (family members and Daga Commodities Pvt Ltd), bought 7,78,420 shares (about 2.23%) of DB International Stock Brokers in the open market between March 7 and March 20, 2025. The promoter group's voting shareholding rose from 20.53% (71.88 lakh shares) to 22.76% (79.67 lakh shares). Including encumbered shares, total promoter group holding stands at 40.58% (1.41 crore shares) post-acquisition. The disclosure was filed under SEBI SAST Regulation 29(2), which is triggered when a promoter group acquires 2% or more of a company's shares in a financial year through creeping acquisition.
This is a confidence signal from the promoter group, who are putting their own money into the stock at current market prices. For shareholders, it shows promoter conviction but no material change in control, as the group remains well below the 50% majority mark and the 5% creeping acquisition limit is not yet threatened.