The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Deep Diamond India Ltd
EXXARO · price
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Deep Diamond India Limited, a non-promoter shareholder of Exxaro Tiles, has purchased 83,72,073 equity shares (1.87% of paid-up capital) through open market transactions between October 16, 2025 and November 11, 2025. With this acquisition, Deep Diamond's total holding in Exxaro Tiles has risen from 4.00% (1,79,00,000 shares) to 5.87% (2,62,72,073 shares), crossing the 5% reporting threshold under SEBI SAST Regulations. The shares were bought on both BSE and NSE at face value of Rs.1 each. The total equity share capital of Exxaro Tiles stands at Rs.44,74,10,700 and remains unchanged.
A non-promoter entity increasing its stake to nearly 6% signals growing institutional or strategic interest in Exxaro Tiles, which may be viewed positively by retail investors as a sign of confidence. However, since the acquirer is not part of the promoter group, this does not indicate any change in management control.