The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chennareddy Shivakumarreddy & Others

Promoter Stake BuyCreeping Acquisition Near ThresholdOwnership Changes View source PDF

KAVDEFENCE · price

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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

-1.5%1-day move

₹65.90

prior close

₹66.40

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+1.7+1.1+1.7+0.9-1.5-4.0-8.2-7.4-7.4-6.7-5.2-2.2-12.7—

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AI summary

Kavveri Defence & Wireless Technologies completed a large preferential allotment of 2,57,50,000 equity shares, nearly doubling the company's share capital from Rs. 34.37 crore to Rs. 60.12 crore. Multiple promoter group members acquired shares: Chennareddy Rohit Reddy, C Mokshith Reddy, and Ruma Reddy Chenna Reddy each purchased approximately 3.7% stakes, while Uma Reddy C acquired 4.57% more shares. Non-promoter investors Tej Doshi & Family, Upendrakumar Shah HUF, and Jignesh Thobhani & Family also participated, each acquiring around 6.65% stakes. The promoter group's combined holding increased from 15.41% to 24.56%, bringing them close to the 25% threshold.

Likely market impact

The significant dilution from the preferential issue reduced existing shareholders' stakes. The promoter group's combined holding approaching 25% is notable as this is a key regulatory threshold under SEBI takeover rules.