The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Deniis Desai
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Mr. Deniis Desai, identified as belonging to the Promoter/Promoter Group, acquired 91,493 equity shares (face value Rs. 10 each) of Devinsu Trading Ltd, representing 18.30% of the company's total share/voting capital. The acquisition was completed on December 20, 2025 through an off-market Share Purchase Agreement dated July 9, 2025. Prior to this acquisition, the acquirer held Nil shares in the company, meaning this is a fresh promoter entry. The SPA has triggered an open offer under SEBI Takeover Regulations, as disclosed under Regulation 29(1). The total equity capital of the company remains Rs. 50,00,000 (5,00,000 shares of Rs. 10 each).
This marks a significant promoter entry at 18.30% stake with an open offer triggered, which could provide minority shareholders an exit opportunity and may increase trading activity and price discovery on the stock. Existing shareholders should watch for open offer details and potential changes in control dynamics.