The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pratik Saraogi
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Pratik Saraogi, a non-promoter individual, has acquired 30 lakh equity shares (13.93%) of Milgrey Finance & Investments Ltd through open market purchases on 25 March 2026. Before this acquisition, the acquirer held zero shares in the company, meaning this is a fresh entry into the shareholder base. The total equity share capital of the company is 2,15,41,250 shares of Rs. 10 each (Rs. 22.15 crore). Since the acquirer is not part of the promoter/promoter group, this represents an outsider building a significant strategic stake in the company.
A non-promoter quietly building a 13.93% open-market stake is a material event — it may hint at potential board influence, a future takeover attempt, or strategic interest in the company. Shareholders should watch for further acquisitions, as crossing the 25% mark would trigger a mandatory open offer under SEBI takeover rules. Near-term stock could see volatility on speculation of further buying or a potential takeover battle.