Mathew Cyriac buys 2.06% stake in Hindustan Media Ventures via open market

Creeping Acquisition Near ThresholdOwnership Changes View source PDF

HMVL · price

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Price reaction · full curve 14 horizons · vs prior close

-0.0%1-day move

₹93.50

prior close

₹91.65

base price

After-mkt

timing

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—+2.0+1.7—-0.0—————————

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AI summary

Mathew Cyriac along with PAC Elimath Advisors acquired 15,20,637 shares (2.06%) of Hindustan Media Ventures through open market on 24 July 2026. Post acquisition, combined holding rises from 6.51% to 8.58%. The acquirer is not a promoter. Filing made under SAST Regulation 29(2) as holding crossed the 2% change disclosure limit.

Likely market impact

Non-promoter holding rises to 8.58%, nearing the 10% Takeover Code trigger threshold. May prompt further buying or strategic positioning.