The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Syrupy Trading Pvt Ltd
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Syrupy Trading Pvt Ltd has acquired 25,59,199 equity shares (8.37%) of Filmcity Media Ltd through an off-market transaction dated January 13, 2025. Prior to this acquisition, Syrupy Trading held no shares in the company, so this is a fresh entry as a substantial shareholder. The acquirer has explicitly stated that it does not belong to the promoter or promoter group of Filmcity Media Ltd. Filmcity Media has a total equity share capital of 3,05,70,969 shares of Rs. 1 each, and the share capital remains unchanged after this acquisition.
A non-promoter entity buying an 8.37% stake off-market suggests a strategic or financial investor is building a position in the company. Shareholders should watch for further disclosures as Syrupy Trading approaches the 10% major shareholder threshold, which could trigger additional compliance requirements.