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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Awaiting price reaction for this filing.
Nimbus India Limited, part of the promoter group of Industrial Investment Trust Ltd (IITL), bought 2,01,000 equity shares (~1.03% of basic share capital) through open market on February 9, 2026. The acquisition raised Nimbus India's individual stake in IITL from 17.45% to 18.52% of the total equity capital. Combined promoter group holding (Nimbus India + N N Financial Services + Bipin Agarwal + Swarn Mohinder Singh) increased from 53.90% to 54.93% of basic share capital (47.75% on a fully diluted basis). The disclosure was filed under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, and no encumbrance or voting rights other than equity shares were involved.
The promoter group is consolidating its already-majority stake in IITL, signalling continued insider confidence. Since the promoter group holds over 50%, this purchase falls within the SEBI creeping acquisition limit (up to 5% per financial year) and does not trigger an open offer obligation. For retail shareholders, this is a mild positive signal on promoter intent, though no immediate price catalyst is indicated.