The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pratik Saraogi
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pratik Saraogi, a non-promoter individual, acquired 30,00,000 equity shares of Milgrey Finance & Investments Ltd through open market purchases on 25 March 2026. This represents 13.93% of the company's total equity share capital (which stands at 2,15,41,250 shares of Rs 10 each). The disclosure has been filed under Regulation 29(1) of SEBI's Takeover Regulations, 2011, which is triggered when a non-promoter acquirer crosses 5% shareholding in a target company. The filing indicates no prior holding by the acquirer before this transaction.
A single buyer accumulating a 13.93% stake from zero in one transaction is a sizeable change in shareholder base and could signal a strategic interest in this small-cap NBFC. With 13.93% holding, the acquirer is now within 1.07% of the 15% creeping acquisition ceiling, so any further purchases would require fresh disclosures and may attract takeover code scrutiny.