The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vicky Pratapbhai Shah
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Vicky Pratapbhai Shah, a non-promoter individual, has acquired 2,20,000 equity shares of New Markets Advisory Limited via an off-market purchase on 29 May 2025. This is his first disclosed holding in the company, taking his stake from nil to 17.74% of the total equity share capital. The company's total equity share capital stands at 12,40,000 shares of Rs. 10 each, and it is listed only on the Bombay Stock Exchange. The filing was made because the acquirer's stake has crossed the 5% disclosure threshold under SEBI's takeover rules.
A new non-promoter shareholder now holds a meaningful 17.74% stake, which may raise questions about the identity of the seller and whether this signals a strategic shift in shareholding. With the stake still about 7.26% below the 25% open-offer trigger, any further purchase could compel the acquirer to launch an open offer to all shareholders.