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, bought 250,000 equity shares (1.27%) of Modis Navnirman Ltd through open market transactions on June 11, 2025. Before this purchase, Aegis held 890,800 shares (4.55%); after the acquisition, its holding rose to 1,140,800 shares, or 5.82% of the company's voting capital. The acquisition triggered the mandatory disclosure under SEBI's Takeover Regulations because the holding crossed the 5% threshold. The total equity share capital of the company before the acquisition was 890,800 shares and after is 1,140,800 shares, suggesting this was a small-cap company with very limited float.
This is a non-promoter fund steadily building a position in a small company, now crossing the 5% disclosure mark. While the absolute stake is modest, continued buying by a single fund could increase scrutiny on stock price movement and future takeover implications if the holding grows further.