The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shiv Narayan Daga & Others
DBSTOCKBRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shiv Narayan Daga, along with five persons acting in concert (Sharda Daga, Shikha Mundra, Sheetal Periwal, Shiv Narayan Daga HUF, and Daga Commodities Private Limited), has acquired 7,63,009 equity shares (2.18% of total voting capital) of DB (International) Stock Brokers Limited through open market purchases between February 25, 2025 and March 7, 2025. The acquirers belong to the promoter/promoter group of the company. After this acquisition, the promoter group's aggregate holding has increased from 36.17% (1,26,62,370 shares) to 38.35% (1,34,25,379 shares) of the company's total share and voting capital. The shares were acquired in the open market, and the equity share capital of the company remains unchanged at Rs. 7,00,00,000.
This is a positive signal for retail investors as the promoter group is increasing its stake in the company through open market purchases, indicating promoter confidence in the business. The promoter holding is now 38.35%, which is still below the 50% mark but has strengthened meaningfully by 2.18 percentage points.