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), purchased 39,000 equity shares (0.19% of equity capital) through the open market on June 9, 2025. This nudges the total promoter group holding — which includes Nimbus India Ltd (13.46%), N N Financial Services Pvt Ltd (31.44%), Bipin Agarwal (0.11%), and Swarn Mohinder Singh (0.11%) — from 51.89% to 52.08% of equity voting capital (45.12% to 45.29% on a fully diluted basis). The disclosure was filed under SEBI's SAST Regulation 29(2) since the promoter group crossed an incremental threshold from its last disclosure. Total equity share capital of IITL stands at 1,96,08,780 shares of Rs. 10 each.
The promoter group already holds a clear majority (over 52%) and continues to quietly increase its stake, signaling promoter confidence in the company. However, the purchase is very small in size and is unlikely to cause any meaningful stock price movement or change in control dynamics.