The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pratik Madhukar Sheth
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Pratik Madhukar Sheth, along with PAC Jinal Pratik Sheth, acquired 5,00,000 equity shares (2.55% of total share capital) of Industrial Investment Trust Ltd through open market purchases on 20th June 2025. This took his individual holding from 7.56% (14,82,532 shares) to 10.11% (19,82,532 shares), and combined PAC holding rose from 7.57% to 10.12%. The acquirer is explicitly classified as NOT belonging to the promoter or promoter group. This is a disclosure under Regulation 29(2) of SEBI Takeover Regulations, 2011, triggered because his holding crossed the 10% disclosure threshold.
Crossing the 10% mark means the acquirer is now classified as a substantial shareholder and will face additional SEBI takeover code restrictions on further purchases. While not a promoter, the open-market buying pressure at this scale is a notable accumulation signal for retail investors to track.