The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nyra Business Development LLP
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Nyra Business Development LLP, which is NOT part of the promoter or promoter group, has informed the stock exchanges that it bought 9,799 equity shares (face value Rs 10 each) of Hem Holdings & Trading Ltd via an off-market transaction on 22 September 2025. This acquisition represents 4.08% of the company's total equity share capital. As a result, Nyra Business Development LLP's total holding in the company has risen from 9,800 shares (4.08%) to 19,599 shares (8.16%). Hem Holdings & Trading Ltd has a very small equity base of Rs 24 lakh (2,40,000 shares of Rs 10 each). The disclosure was filed under Regulation 29(1) of the SEBI Takeover Code, which covers creeping acquisitions by non-promoter acquirers.
This is a creeping acquisition by a non-promoter entity that is now just 1.84% away from the 10% open offer trigger threshold. Any further acquisition crossing the 10% mark would oblige Nyra Business Development LLP to make a mandatory open offer to all shareholders, which is a key event-risk retail investors should monitor.