Announced Fri, 16 May, 2025 · 10:39 IST

The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nimbus Projects Ltd

Creeping acquisition near the thresholdOwnership Changes View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.1%Reaction day

₹51.60

prior close

₹50.20

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-1.8% vs market

Residential, Commercial Projects peers, median of 51sector+0.1%-1.2% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.2 pts less than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1+0.8-1.8+0.1-1.2

Next day

-1.2+2.0-3.1+1.0-2.2

-3.1+0.9-4.0+1.7-4.8

+1.8+1.7+0.1+1.5+0.3

-2.9+1.6-4.5-0.1-2.8

-5.9+2.2-8.1-0.3-5.6

-4.9+2.7-7.7+0.5-5.4

15d

+13.9+4.5+9.3+4.3+9.5

+33.7+5.6+28.1+1.8+31.9

+17.5+9.0+8.6+3.3+14.3

+12.4+3.5+8.9-2.0+14.4

UpDownMarket · Nifty Microcap 250Sector · Residential, Commercial Projects peers, median of 51Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Nimbus Projects Ltd has filed a disclosure under SEBI SAST Regulations regarding an indirect acquisition of IITL Projects Ltd. The trigger is a scheme of amalgamation where Nimbus Projects (Transferee Company) will merge with several transferor companies, and post-merger will hold majority shares in N.N. Financial Services Private Limited (NNFSPL). Since NNFSPL is the promoter of IITL (the holding company of IITL Projects), this constitutes an indirect acquisition of equity shares in IITL Projects by Nimbus Projects, crossing the threshold under Regulation 3(1) read with Regulation 5 of SEBI SAST Regulations. Notably, the actual shareholding pattern of IITL Projects remains unchanged at 49,90,900 equity shares of ₹10 each (total capital of ~₹4.99 crore), as the acquirer's direct holding before and after remains 0.00. The change is purely indirect through a corporate restructuring chain: Nimbus → NNFSPL → IITL → IITL Projects. Date of acquisition/intimation is May 14, 2025.

Likely market impact

For shareholders, this is a corporate restructuring event that changes the ultimate control of the promoter entity (NNFSPL) but does not alter direct shareholding in IITL Projects. The stock price may see limited immediate impact since no direct equity change occurs, but investors should monitor for any further open-market activity or open offer obligations arising from this indirect acquisition.