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 Limited, part of the promoter group of Industrial Investment Trust Ltd (IITL), purchased 30,000 equity shares on June 6, 2025, triggering a disclosure under SEBI's takeover regulations. This raised Nimbus India's individual stake from 15.33% to 15.48% of the company. Together with PACs (NN Financial Services, Bipin Agarwal, and Swarn Mohinder Singh), the total promoter group holding increased marginally from 51.74% to 51.89% of IITL's equity. The acquisition was a small open-market purchase, and the promoter group continues to hold a majority stake above 50%.
This is a small, routine top-up purchase by the promoter group and is unlikely to have any material impact on the stock price. It signals continued promoter confidence but does not change the control or majority holding structure of the company.