The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nitu Sharma & PACs
NORBTEAEXP · price
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Awaiting price reaction for this filing.
Nitu Sharma, along with PACs Ram Chander Sharma and Ram Chander Sharma HUF, has disclosed an acquisition of 2,58,000 equity shares (1.84% of total share capital and 1.66% of diluted capital) of Norben Tea & Exports Ltd through a preferential allotment on 25th July 2025. The acquisition was made at a face value of Rs. 10 per share, with the company's equity share capital expanding from 1,37,36,100 shares to 1,39,94,100 shares post-allotment. After this acquisition, the combined holding of Nitu Sharma and PACs stands at 7,74,000 shares, representing 5.53% of the total share capital and 4.98% of the diluted share capital. Importantly, the acquirer is confirmed as not belonging to the promoter or promoter group of the company.
This filing is triggered because the combined holding has crossed the 5% disclosure threshold under SEBI takeover regulations, which is a routine compliance requirement. For shareholders, this indicates fresh capital infusion via preferential allotment to a non-promoter group, which is mildly positive as it broadens the shareholder base, though the small size means limited impact on stock price or controlling interest dynamics.