The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Quest Capital Markets Ltd
DIGIDRIVE · price
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Quest Capital Markets Ltd, part of the promoter group of Digidrive Distributors Ltd along with PACs Composure Services Pvt Ltd and STEL Holdings Ltd, acquired 11,25,000 equity shares (2.92%) of Digidrive through open market purchase on September 10, 2025. The promoter group's combined holding has increased from 22,686,188 shares (58.83%) to 23,811,188 shares (61.75%) of the paid-up share capital. The disclosure was made under Regulation 29(2) of SEBI (SAST) Regulations, 2011 because the acquisition crossed the 2% reporting threshold. The total share capital of the company remains unchanged at 3,85,61,898 equity shares of Rs 10 each.
This signals continued promoter confidence in the company with the promoter group consolidating its majority control. The increase in promoter holding from 58.83% to 61.75% may be viewed positively by retail investors as it reduces free float, though it also concentrates ownership further in the promoter group.