The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Peterson & Co.
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Paterson & Co., a non-promoter entity, has disclosed an open market acquisition of 53,72,000 equity shares of India Cements Capital Ltd on June 18, 2025, representing 24.75% of the company's total share/voting capital. Prior to this, Paterson & Co. held zero shares in the company, meaning it has built a brand new significant stake entirely through BSE open market purchases. The target company's total equity capital is 2,17,06,200 shares of Rs. 10 each. This disclosure was filed under Regulation 29(1) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011.
A non-promoter entity has quietly accumulated nearly a quarter of the company through the open market, sitting just below the 25% takeover threshold which could prompt further buying and potentially trigger an open offer obligation. Shareholders should watch for any change in control signals, board changes, or further disclosures from Paterson & Co.