25FPS Media Private Ltd, ARM INFRA & UTILITIES PRIVATE LIMITED,Primat Infrapower & Multiventures Pvt Ltd, Sprit Infrapower & Multiventures Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Four entities — 25FPS Media Private Ltd, ARM Infra & Utilities Private Limited, Primat Infrapower & Multiventures Pvt Ltd, and Sprit Infrapower & Multiventures Private Limited — have submitted a disclosure to the exchange under Regulation 31(4) of the SEBI Substantial Acquisition of Shares and Takeovers Regulations, 2011. This filing relates to creeping acquisition disclosures where the entities have crossed certain shareholding thresholds but are declaring that they do not intend to make an open offer for the company. The announcement does not specify the exact shareholding levels or the change in stake by these entities.
For retail shareholders, this signals that these entities (likely acting in concert as acquirers/PACs) have crossed regulatory thresholds in their shareholding but are not obligated to make a mandatory open offer. Investors should monitor further filings for exact shareholding changes and be alert to potential concentration of ownership in Diligent Media Corporation.