Minerva Ventures Fund acquires 3.77% in Kesar India via open market

Creeping acquisition near the thresholdOwnership Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+0.5%Reaction day

₹1215.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.5%-0.0% vs market

Residential, Commercial Projects peers, median of 65sector+0.3%+0.2% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.2 pts more than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+0.5+0.5-0.0+0.3+0.2

Next day

-2.4+0.8-3.2+0.4-2.8

-3.3+1.0-4.3-0.7-2.5

-1.2+0.6-1.8-0.9-0.4

-2.6+1.2-3.8-0.1-2.5

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-6.7+1.6-8.2-0.9-5.7

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-3.7+1.9-5.6-3.0-0.7

-2.4+0.8-3.2-1.9-0.5

-15.3-5.7-9.6-5.4-9.9

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UpDownMarket · Nifty Microcap 250Sector · Residential, Commercial Projects peers, median of 65Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Minerva Ventures Fund, a Mauritius-based FII (not part of promoter group), bought 11,78,000 shares (3.77%) of Kesar India through open market purchase. Its stake rose from 3.51% to 6.9932% (total 22,75,200 shares). Disclosed under SEBI SAST Regulation 29(1). Total equity capital of Kesar India stands at 3,12,48,505 shares of Rs.10 each. The FII holding is now approaching the 10% open market takeover trigger threshold.

Likely market impact

FII creeping toward 10% takeover trigger threshold. Signals rising foreign institutional interest; not promoter-related activity.