The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Counter Cyclical Investments Pvt Ltd
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Counter Cyclical Investments Private Limited, acting as a Portfolio Manager on behalf of its clients, acquired 9,000 shares (0.16%) of Evans Electric Ltd through open market purchases on 19 January 2026. This raised its holding from 274,000 shares (4.99%) to 283,000 shares (5.16%) of the company's paid-up capital. The acquisition triggered the 5% disclosure requirement under Regulation 29(1) of SEBI Takeover Regulations, 2011. The acquirer has confirmed it is not part of the promoter or promoter group of the company.
This is a non-promoter, portfolio investor crossing the 5% significant-shareholder threshold, which could attract further buying as it now has room to acquire up to 10% under creeping acquisition limits. For retail investors, it signals institutional/PMS interest in the stock but carries no direct change in promoter control.