The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hydra Trading Pvt Ltd & PACs
GREENLAM · price
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Hydra Trading Pvt Ltd, along with its Persons Acting in Concert (PACs) — Smiti Holding, Asiana Fund I, and Upnishad Holdings — has filed a disclosure under SEBI SAST Regulations for a block deal executed on September 12 and 16, 2025. Hydra sold its entire holding of 1,88,72,960 equity shares, representing 7.397% of Greenlam Industries' voting capital. After the transaction, Hydra's stake dropped to 0%, while Upnishad Holdings (another PAC) picked up 7.397%, leaving the combined PAC group's total holding unchanged at 10.018% (2,55,61,960 shares). The seller and its PACs are explicitly NOT part of the promoter or promoter group of Greenlam Industries. The transaction appears to be an internal reshuffle of shares between PAC entities rather than a change in overall non-promoter ownership of the company.
No net change in total non-promoter/PAC ownership — combined PAC holding remains flat at 10.018%, just above the 10% regulatory threshold. Shareholders should view this as an internal restructuring among non-promoter entities, with no material impact on controlling interest or float.