The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chennareddy Rohit Reddy & PACs

Promoter Stake BuyCreeping Acquisition Near ThresholdOwnership Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+5.7%1-day move

₹62.99

prior close

₹64.49

base price

After-mkt

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AI summary

Chennareddy Rohit Reddy and persons acting in concert (PACs) have disclosed acquisition of 22,50,000 equity shares (3.74%) through preferential allotment, all from the promoter group. The combined promoter holding has increased from 15.41% (52,95,931 shares) to 24.56% (1,47,65,931 shares) of the expanded share capital. The share capital nearly doubled from Rs 34.37 crore to Rs 60.12 crore post-allotment. Multiple PACs including Uma Reddy C (4.57%), C Mokshit Reddy (3.74%), Ruma Reddy Chenna Reddy (3.69%), and Chennareddy Rohit Reddy himself (3.74%) received shares. All acquirers belong to the promoter group.

Likely market impact

Promoter group stake has risen significantly to 24.56%, approaching the 25% threshold that would trigger additional SAST obligations. This represents a substantial consolidation of promoter holding through a structured preferential issue.