BSEEvans Electric LtdMediumNeutral
Announced Fri, 13 Feb · 10:06 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Counter Cyclical Investment Pvt Ltd

Ownership Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Counter Cyclical Investments Private Limited, acting as a Portfolio Manager on behalf of its clients, has disclosed an open-market purchase of 22,000 equity shares (0.40%) of Evans Electric Ltd on 11 February 2026. Prior to this acquisition, it held 293,000 shares (5.34%); after the purchase, its aggregate holding stands at 315,000 shares, representing 5.74% of the company's voting capital. The acquirer is not part of the promoter or promoter group. The total equity share capital of Evans Electric Ltd is 54,88,000 shares, and this filing has been made under Regulation 29(2) of the SAST Regulations.

Likely market impact

This is a small incremental open-market purchase by a non-promoter portfolio investor, raising its stake only marginally from 5.34% to 5.74%. It is unlikely to have any meaningful impact on the share price or control of the company.