The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nimbus India Ltd & PACs
IITL · price
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Nimbus India Ltd, part of the promoter group of Industrial Investment Trust Ltd (IITL), purchased 40,749 equity shares of IITL through open market on June 11, 2025. The acquisition increased Nimbus India Ltd's individual holding from 13.63% to 13.81% of the total share capital. Together with PACs (N N Financial Services Pvt Ltd, Bipin Agarwal, and Swarn Mohinder Singh), the promoter group's combined holding rose from 52.08% to 52.29% of total share capital (45.29% to 45.48% of voting capital). The company's total share capital stands at 1,96,08,780 equity shares, with diluted share capital at 2,25,47,550 shares. This is a routine creeping acquisition disclosure by the promoter group, which is already comfortably above the 50% threshold.
A small open-market purchase by the promoter group signals continued confidence in the company. The marginal increase in promoter holding from 52.08% to 52.29% is not material enough to materially affect stock price, but reinforces promoter commitment and reduces free-float availability for retail investors.