The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pitampura Leasing & Housing Finance Ltd
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Awaiting price reaction for this filing.
Pitampura Leasing & Housing Finance Ltd, part of the promoter group of Max Heights Infrastucture Ltd, has disclosed an acquisition of 25,000 equity shares (0.16%) of the company under SEBI SAST Regulation 29(2). This raises the acquirer's stake from 3.72% (580,999 shares) to 3.88% (605,999 shares) of the paid-up equity share capital. The equity share capital of Max Heights remains unchanged at approximately Rs. 15.61 crore. The disclosure has been filed by Naveen Narang, Director of Pitampura Leasing & Housing Finance Ltd, dated 11th March 2026.
This is a small creeping acquisition by a promoter group entity, signalling continued promoter confidence in the company. However, the increase is marginal (0.16%) and unlikely to cause any material movement in the stock price. Investors should note that promoter group entities may continue to gradually build stake.