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, an individual investor (not a promoter), acquired 5,50,000 equity shares (2.55%) of Milgrey Finance & Investments Ltd through open market purchase on April 10, 2026. Before this acquisition, he held 30,00,000 shares (13.93%). After the acquisition, his total holding increased to 35,50,000 shares (16.48%) out of 2,15,41,250 total equity shares. The acquirer explicitly confirmed he does not belong to the Promoter/Promoter group of the company. This appears to be a gradual accumulation by a non-promoter investor through open market purchases.
A non-promoter investor now holds nearly 16.5% of Milgrey Finance. While still below the 25% threshold that triggers open offer obligations under SAST regulations, continued accumulation could draw regulatory attention. For retail shareholders, this signals growing interest from a substantial investor at the open market level.