The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Niharika Jain & Others
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Awaiting price reaction for this filing.
Niharika Jain, along with PAC Akshat Jain, has filed a SAST disclosure for acquiring 3,350 equity shares (1.40%) of E & E Enterprises Ltd through the open market on 2nd March 2026. The acquirer is explicitly NOT part of the promoter/promoter group. Niharika Jain's individual holding increased from 3.75% to 5.15%, while PAC Akshat Jain's holding fell from 5.55% to 4.15%, keeping the combined holding unchanged at 9.30% post-transaction. The company has a very small equity base of 2,40,000 shares of Rs. 10 each, making even a 1.40% change a meaningful move. This is a routine creeping acquisition disclosure triggered by crossing the 5% individual holding threshold.
Minor open-market purchase by a non-promoter entity; combined group holding unchanged at 9.30%, so no change in control. The 5.15% individual holding just crosses the 5% disclosure trigger under SAST. Given the very small free-float and total share count, the price impact is likely negligible.