The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ricky Kirpalani & PACs
DECCANCE · price
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Ricky Kirpalani and 8 Persons Acting in Concert (PACs) including Haresh Keswani, K2 Family Private Trust, family members, and First Water Fund entities disclosed acquisition of 2,81,285 equity shares (2.01%) of Deccan Cements Ltd. The acquisition was done through open market purchases from 17 July 2025 to 30 April 2026. Before this transaction, the acquirer group held 13,05,773 shares (9.32%). After the acquisition, their holding increased to 15,87,058 shares (11.33%) of the company's total voting capital. The acquirer is explicitly stated as not belonging to the Promoter/Promoter group.
This represents a creeping acquisition by a non-promoter investor crossing the 10% threshold, increasing from below to above double digits. While the group is not a promoter, crossing the 10% mark signals significant minority stake building, which could indicate intent to influence company decisions or further accumulation.