The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ambassador Intra Holdings Ltd & Durgesh Pandey
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Ambassador Intra Holdings Limited along with person acting in concert (PAC) Mr. Durgesh Pandey has filed a disclosure under SEBI (SAST) Regulation 29(2) regarding acquisition of equity shares of IEL Limited through open market purchase on BSE on 16 April 2025. The acquirers have explicitly stated they do NOT belong to the promoter/promoter group of IEL Limited. After the acquisition, Ambassador Intra Holdings holds 71,31,602 shares (5.11%) and Durgesh Pandey holds 16,54,887 shares (1.18%), bringing their combined holding to 87,86,489 shares (6.29%) of IEL's equity share capital. The total equity share capital of IEL is Rs. 13,03,92,486 divided into 13,03,92,486 equity shares of Re. 1 each.
This is a non-promoter entity (along with PAC) building a ~6.29% stake in IEL Ltd via open market purchases, likely crossing the 5% disclosure threshold. Retail investors should monitor whether this is the start of a creeping acquisition toward higher thresholds (10%) or an indicative takeover interest, which could influence stock price and corporate action expectations.