The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Aegis Investment Fund PCC
MODIS · price
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Aegis Investment Fund PCC, a non-promoter entity, has purchased 2,50,000 equity shares (1.27%) of Modis Navnirman Ltd through open market transactions on June 13, 2025. Before the acquisition, the fund held 13,90,800 shares (7.10%) and after the purchase, its holding has risen to 16,40,800 shares (8.37%) of the company. The disclosure has been filed under Regulation 29(1) of SEBI's Takeover Regulations, which mandates reporting acquisitions crossing certain thresholds. The total equity share capital of the company post this acquisition stands at 16,40,800 shares.
A foreign fund increasing its stake signals positive institutional interest in the stock, though the acquirer is still below the 10% mark and is not a promoter. Shareholders should note that further open market purchases by this entity could trigger additional disclosures or even an open offer obligation if it crosses the 10% takeover threshold.