The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Monet Securities Pvt Ltd & PACs
JINDALPOLY · price
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Monet Securities Pvt Ltd, along with Persons Acting in Concert (M Prasad & Co. Ltd. and Mace Venture), has acquired 21,89,479 equity shares (5.00%) of Jindal Poly Films Ltd through open market purchases on March 20, 2026. Before the acquisition, the group held 13,91,875 shares (3.18%); after the acquisition, their total holding stands at 35,81,354 shares, equivalent to 8.18% of the company's equity share capital. The acquirer has clarified that it is NOT part of the promoter/promoter group. This disclosure was triggered under SEBI's Takeover Regulations as the acquirer crossed the 5% creeping acquisition threshold in a financial year.
A non-promoter entity quietly building an 8.18% stake through open market buys signals possible strategic interest in the company. With the next key disclosure threshold at 10%, any further accumulation could raise takeover speculation and add a potential activist-investor angle for existing shareholders to watch.