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 person acting in concert Mr. Durgesh Pandey, has acquired 61,70,000 equity shares of IEL Limited through open market purchase on BSE on 28 April 2025. This raised their stake in IEL from 5.11% (71,31,602 shares) to 9.54% (1,33,01,602 shares). The acquirer is not part of the promoter or promoter group of IEL Limited. Total equity share capital of IEL stands at 13,03,92,486 shares of Re. 1 each. No shares are encumbered and the acquisition was purely through open market on BSE.
This is a non-promoter acquirer inching closer to the 10% open-market holding threshold, which could trigger further disclosure obligations or an open offer requirement if they cross 10%. For existing shareholders, this signals an active non-promoter buyer accumulating a sizeable stake near the threshold, which may affect float and short-term price action.