The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Veeram Vendors Pvt Ltd
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Veeram Vendors Private Limited, a non-promoter entity, has purchased 12,50,000 equity shares (8.31%) of Bhakti Gems and Jewellery Limited through an off-market deal on 1st September 2025. Before this acquisition, Veeram Vendors held no shares in the company, and after the transaction its total holding stands at 12,50,000 shares (8.31%). The target company's total equity share capital is 1,50,39,518 shares, and the shares are listed on BSE. This disclosure was filed under SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011.
A new non-promoter shareholder has built an 8.31% stake in Bhakti Gems and Jewellery via off-market purchase, which could be a precursor to further acquisitions approaching the 25% open offer trigger threshold. Retail investors should monitor any further disclosures, as additional purchases by Veeram Vendors could lead to a mandatory open offer.