The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajveer Dinesh Singh & PACs
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Rajveer Dinesh Singh, along with PACs Garima Venture Finance Limited and Dineshsingh Umashankarsingh Kshatriya, has disclosed open market purchase and sale of IEL Limited equity shares on 18th and 19th November 2025 on BSE. The combined PAC holding stood at 1,05,29,329 shares, which is 8.07% of IEL's total equity capital. Individually, Garima Venture Finance held the largest stake at 6.08% (79.29 lakh shares), while Dineshsingh Umashankarsingh Kshatriya held 1.95% (25.46 lakh shares) with no change. Rajveer Dinesh Singh bought 10,870 shares on 18 Nov and sold 24,900 shares on 19 Nov, ending with 54,030 shares (0.04%). The acquirers are explicitly confirmed as NOT being part of the promoter/promoter group. Filings under Reg 29(2) become mandatory for non-promoters who are 'substantial shareholders' (above 5%) making further purchase or sale.
This is a routine regulatory disclosure by a non-promoter shareholder group. Their combined holding at 8.07% sits close to the 10% takeover trigger threshold, and any further purchase above 10% would attract an open offer obligation. Retail investors should monitor further accumulation by this PAC group as it could imply a potential creeping takeover approach.