The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nicco Engineering Services Ltd & PACs
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Nicco Engineering Services Limited (part of the promoter group) and Persons Acting in Concert (PACs) have disclosed an open-market acquisition of 11,27,117 equity shares (2.41%) in Nicco Parks & Resorts Limited, purchased between 23rd September 2022 and 9th December 2025. After this acquisition, Nicco Engineering Services Limited alone holds 37,60,211 shares (8.04%), up from 5.63% earlier. Total promoter group holding in Nicco Parks has risen from 17.15% to 19.56% of the company's equity capital. The total voting equity capital of Nicco Parks stands at 4,68,00,000 shares of Re. 1 each. This is a creeping acquisition under the takeover regulations and pushes the promoter group close to the 20% open-offer threshold.
The promoter group is steadily increasing its stake in Nicco Parks through open-market purchases, which is generally viewed as a confidence signal by retail investors. However, once the promoter group's aggregate holding crosses 20%, SEBI takeover rules may trigger a mandatory open offer, which could be a key event for shareholders to watch.