The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Syrupy Trading Pvt Ltd
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Syrupy Trading Private Limited, along with PAC Shrinath Rathi, acquired 76,03,458 equity shares (5.83%) of IEL Ltd through open market purchases on BSE across multiple dates between 17 March 2025 and 22 April 2025. Before this acquisition, Syrupy Trading held no shares in IEL; after the purchases, it holds a 5.83% stake. The acquirer is not part of the promoter/promoter group, indicating this is an external investor buying into the company. The equity share capital of IEL expanded significantly during this period from about 3.34 crore shares to about 13.04 crore shares, likely due to a rights issue or preferential allotment. The disclosure is filed under Regulation 29(2) of SEBI Takeover Regulations as the acquirer crossed the 5% disclosure threshold.
A new non-promoter entity taking a 5.83% stake signals external investor interest in IEL Ltd. Shareholders should monitor whether Syrupy Trading increases its holding further, as any move beyond 10% would trigger an open offer obligation under takeover rules.