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
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Counter Cyclical Investments Private Limited, acting as a Portfolio Manager for its clients, has disclosed an open market purchase of 10,000 equity shares of Evans Electric Ltd on 22 January 2026. This takes their holding from 283,000 shares (5.16%) to 293,000 shares (5.34%) of the company's equity capital. The total share capital of Evans Electric stands at 54,88,000 shares. The acquirer has confirmed it is not part of the promoter or promoter group. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
This is a small incremental buy (0.18% increase) by a non-promoter institutional/portfolio investor, signaling continued accumulation but unlikely to materially move the stock. The buyer is now at 5.34% and creeping closer to the 10% disclosure threshold, which means further purchases could attract additional regulatory attention.