The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Instant Holdings Ltd & PACs
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Instant Holdings Limited, along with persons acting in concert including Harsh Vardhan Goenka and several trusts/LLPs, has disclosed acquisition of FGP Limited shares under SEBI Takeover Regulations. The promoter group bought 2,55,332 shares (2.15% of equity) through open market purchases on BSE between October 16, 2025 and March 20, 2026 in small daily tranches. Their holding rose from 41.45% (49,30,100 shares) to 43.60% (51,85,432 shares) of FGP's total share capital of 1,18,95,051 equity shares. The acquisition was carried out within the creeping acquisition limit (5% per financial year) allowed for shareholders holding between 25-75% without triggering an open offer.
Promoter group's stake has steadily increased to 43.60%, moving closer to the 50% takeover threshold. While no immediate open offer is triggered, continued accumulation at this pace could eventually push the holding past 50% or require a mandatory open offer if acquisition exceeds 5% in a financial year. This signals promoter confidence in the company but investors should watch for further disclosures.