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 institutional investor, bought 250,000 shares (1.27%) of Modis Navnirman Ltd through open market purchases on June 11, 2025. This raises their total holding in the company from 890,800 shares (4.55%) to 1,140,800 shares (5.82%) of equity and voting capital. The disclosure was filed under Regulation 29(1) of SEBI's Takeover Regulations, which is triggered whenever any shareholder crosses the 5% ownership threshold. Aegis is not part of the promoter or promoter group of the company.
A non-promoter institutional fund has now established a meaningful stake above the 5% regulatory threshold, which may be seen as a vote of confidence from an FII/FPI-type investor. Shareholders should note this increased institutional interest, though at 5.82% it remains well below any takeover trigger level.