The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashapura International Ltd
ORIENTCER · price
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On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.1 pts less than its Electrodes & Refractories peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ashapura International Limited, part of the promoter group of Orient Ceratech, acquired 12,57,500 equity shares (1.05% of total capital) through open market purchases on 19th March 2026. This increased their holding from 62,77,636 shares (5.25%) to 75,35,136 shares (6.30%) of the company. The transaction is disclosed under SEBI Takeover Regulations 29(2). Orient Ceratech's total equity share capital stands at 11,96,39,200 shares of Rs. 1 each. No encumbrance or pledge activity is involved in this acquisition.
The promoter group entity is increasing its stake via open market buying, which is generally seen as a confidence signal. However, the post-acquisition holding of 6.30% remains well below 10% and is not a controlling stake, so implications for shareholders are limited to a mild positive sentiment.