The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tata Business Cycle Fund
DIGITIDE · price
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Tata Business Cycle Fund, along with PACs (Tata Large & Midcap Fund, Tata Small Cap Fund, Tata Indian Opportunities Fund, and Tata India Equity Fund Multipartner SICAV), has filed a disclosure under SEBI Takeover Regulations. The funds received shares of Digitide Solutions Ltd pursuant to the demerger of Quess Corp Ltd, where Digitide shares were allotted in a 1:1 ratio and listed on 11 June 2025. Their combined holding stands at 1,18,45,926 shares, representing 7.9530% of the equity share capital — unchanged from before the demerger. The acquirer group is not part of the promoter/promoter group. The date of acquisition/intimation is 13 June 2025.
This is a passive, demerger-driven event with no actual buy or sell transaction in the market. The unchanged 7.95% holding means no impact on stock price or shareholder structure; the filing is purely a regulatory disclosure triggered by share receipt through the Quess demerger scheme.