The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vandana Patil & PACs
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Vandana Patil, along with other promoter group members (PACs), sold 64,65,227 equity shares (7.29% of paid-up capital) off-market on 11 August 2025 at Rs. value via a Share Purchase Agreement. The seller group collectively offloaded a 25.7% stake to BREP Asia III India Holding Co VII Pte. Ltd., a private equity acquirer. Vandana Patil's individual holding fell from 13.83% (1.22 crore shares) to 6.53% (57.95 lakh shares). The overall promoter and promoter group shareholding dropped sharply from 59.5% to 33.8%, breaching the 50% majority threshold. BREP Asia is now a significant institutional shareholder in the company, marking a major ownership restructuring.
This is a landmark ownership change — promoters have lost majority control, dropping to 33.8%, which may shift future decision-making dynamics and reduce promoter influence on strategy. The stock may see short-term volatility as BREP Asia becomes a substantial new shareholder, though long-term impact depends on the acquirer's plans and the deal valuation.