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 (PACs) including Mr. Harsh Vardhan Goenka and several investment entities, has disclosed acquisition of 2,55,332 equity shares (2.15%) of FGP Limited through open market purchases on the BSE between October 16, 2025 and March 20, 2026. Following this acquisition, the promoter group's total holding has risen from 41.45% (49,30,100 shares) to 43.60% (51,85,432 shares) of the company's equity share capital of 1,18,95,051 shares. The shares were bought in numerous small lots over roughly five months, with individual daily purchases ranging from a few shares to around 30,934 shares. There is no change in the company's total share capital, and no encumbrance or dilution is involved.
This is a steady, gradual promoter-group buying, signaling continued promoter confidence in the company. Shareholders may view it as a positive sign of insider conviction, though the promoter remains below the 50% majority mark, leaving room for further acquisitions before any potential open offer trigger.