The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ambassador Intra Holdings Ltd
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Ambassador Intra Holdings Limited, along with its PAC Mr. Durgesh Pandey, has disclosed an open market purchase of 61,70,000 equity shares of IEL Ltd on BSE on 28 April 2025. This acquisition increased their holding in IEL Ltd from 71,31,602 shares (5.47%) to 1,33,01,602 shares (10.21%) on a fully diluted basis. The acquirer is explicitly classified as NOT belonging to the promoter or promoter group of IEL Ltd. This filing was made under Regulation 29(2) of the SEBI Takeover Regulations, which mandates disclosure when a non-promoter acquirer crosses the 10% substantial shareholder threshold. The total share capital of IEL Ltd remains Rs. 13,03,92,486 divided into 13,03,92,486 equity shares of Re. 1 each.
A non-promoter entity crossing the 10% shareholding threshold in a single acquisition is a significant event. Investors should watch for further disclosures, as the acquirer may be required to make an open offer if it crosses additional regulatory thresholds. This could also signal potential strategic interest or stake-building by a new substantial shareholder in IEL Ltd.