The Exchange has received the disclosure under Regulation 18(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Minal Patil
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Promoters Minal Gaurav Patil and Maddukuri Mounica each acquired 4,50,000 equity shares (total 9,00,000 shares) from FAZE THREE LIMITED through an off-market transaction on 30.03.2026. The purchase was made under a Share Purchase Agreement dated 07.03.2025 at Rs. 18 per share. Following the acquisition, Minal Patil's holding increased from 27.72% to 29.28% (84,55,573 shares). The combined holding of all acquirers and persons acting in concert rose from 55.44% to 58.55% of the total share capital.
The promoter group has increased its stake by approximately 3.11 percentage points, strengthening control over the company. This is a positive signal for existing shareholders as promoters are buying more shares in the open market (via SPA), indicating confidence in the company's prospects.