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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Ashapura International Ltd, part of the promoter group of Orient Ceratech Ltd, has disclosed an open-market purchase of 13,00,000 equity shares (1.09%) on 20th March 2026 under SEBI SAST Regulation 29(2). Before the deal, Ashapura held 75,35,136 shares (6.30%); after the acquisition, its holding rises to 88,35,136 shares, equivalent to 7.3848% of the paid-up equity share capital (11.96 crore shares of Re 1 each). The transaction was carried out purely through the open market route. This is a routine promoter-group disclosure triggered because the acquisition pushes the cumulative holding across the 5% creeping-acquisition threshold band.
This is a positive signal for retail investors, as the promoter group is putting its own money into the stock on the open market, which typically reflects confidence in the company's prospects. However, the post-acquisition promoter holding remains modest at around 7.4%, so it is not a majority-control move. Near-term share price may see mild positive sentiment, but no major re-rating trigger is expected from this size of purchase.