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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Awaiting price reaction for this filing.
Ricky Kirpalani along with seven persons acting in concert (including Haresh Keswani, K2 Family Private Trust, Sarina/Poonam/Rushil Kirpalani, First Water Fund and First Water Capital Fund) disclosed a sale of 2,97,303 equity shares (2.12%) of Deccan Cements in the open market between 22 February 2025 and 16 July 2025. Their combined holding in the company dropped from 16,03,076 shares (11.44%) to 13,05,773 shares (9.32%), pushing them below the 10% disclosure threshold. The acquirers are explicitly classified as non-promoters/non-promoter group.
A non-promoter shareholder reducing stake from above 11% to under 10% via open market sales signals profit-taking or portfolio rebalancing; it could create mild supply-side pressure on the stock in the near term but is unlikely to materially affect promoter control.