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 (PAC) Mr. Durgesh Pandey, has disclosed an open market purchase of 58,85,000 equity shares (about 4.50% stake) of IEL Ltd on BSE on April 28, 2025. This takes their total holding in IEL from 1,33,01,602 shares (10.21%) to 1,91,86,602 shares (14.71%) of the paid-up equity capital. The acquirer has confirmed it does not belong to the promoter/promoter group of IEL Ltd. The equity share capital of IEL Ltd remains at Rs. 13.04 crore, divided into 13,03,92,486 equity shares of Re. 1 each.
A non-promoter entity has significantly raised its stake from just above 10% to nearly 15%, signalling strong conviction in the stock. This kind of large open market buying can be seen as a positive sign for retail investors, but it also means the acquirer is approaching thresholds that may trigger further regulatory disclosures or an open offer obligation.