The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vicky Shah
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Vicky Pratapbhai Shah, a non-promoter individual, has acquired 2,20,000 equity shares of New Markets Avenue Ltd (listed on BSE) through an off-market purchase on 29 May 2025. The acquisition represents 17.74% of the company's total share/voting capital (total equity is 12,40,000 shares of Rs. 10 each). Prior to this deal, the acquirer held zero shares, meaning this is a fresh entry into the shareholder base. The stake now held stands at 17.74%, placing the acquirer close to the 25% open offer trigger threshold under the SEBI Takeover Regulations, 2011.
A new non-promoter shareholder now holds a sizeable 17.74% stake in a small-cap BSE-listed company, which could draw attention to possible further consolidation or an impending open offer if holdings cross the 25% mark. Retail investors should monitor for any further disclosures or related-party activity around this stock.