The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Geeta Devi
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Mrs. Geeta Devi acquired 5,00,000 equity shares (4.61%) of Nimbus Projects Ltd on 28 March 2025 through an inter-se transfer from her daughter, Mrs. Kusum Goel. The acquirer does not belong to the promoter or promoter group. The combined holding of the acquirer and Persons Acting in Concert (PACs) — Geeta Devi, daughter-in-law Meenal Aggarwal, and daughter Kusum Goel — remains unchanged at 10,50,000 shares, equivalent to 9.69% of the company's equity. The company's total equity share capital is 1,08,38,000 shares of Rs. 10 each. The disclosure was filed with BSE on 1 April 2025.
No real change in effective ownership since the shares were simply reshuffled within the family/PAC group. The group's combined holding sits at 9.69%, just below the 10% open offer trigger threshold, meaning any further acquisition by this group could attract an open offer obligation under takeover rules.