The Exchange has received the revised disclosure under Regulation 29(2) 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 disclosed a revised acquisition of 457,142 equity shares (2.33%) of Modis Navnirman Ltd through open market purchases on June 3, 2026. This takes their total holding from 1,192,348 shares (6.09%) to 1,649,490 shares (8.42%) of the company. The shares were bought on both NSE and BSE. The acquisition was made in cash via normal open market trades, and no convertible securities or warrants were involved. As the acquirer is not part of the promoter group, this represents a passive/non-promoter increase in stake.
A non-promoter entity is steadily increasing its stake via open market purchases and is now close to the 10% regulatory threshold, beyond which an open offer to public shareholders may be triggered. Retail investors should monitor further disclosures, as crossing 10% could lead to a mandatory open offer obligation and potentially impact stock liquidity and price.