The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nimbus (India) Ltd & PACs
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Nimbus (India) Ltd, part of the promoter group of Industrial Investment Trust Ltd, bought 2,01,000 equity shares (1.03% of share capital) through open market on February 10, 2026. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations along with PACs – N.N. Financial Services, Bipin Agarwal, and Swarn Mohinder Singh. After the purchase, Nimbus (India) Ltd's individual stake rose from 18.52% to 19.55% of total share capital (16.09% to 17.00% on a diluted basis). Total promoter group holding increased from 54.93% to 55.96% of total share capital (47.74% to 48.64% diluted). No other PAC changed their holdings in this transaction.
This is a creeping acquisition by the promoter group, well within the 5% annual limit allowed under SAST rules, so no open offer is triggered. Rising promoter holding signals confidence and consolidation, but the group remains below the 75% mandatory offer threshold.