The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Lalit Dua & PACs
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Lalit Dua, along with Person Acting in Concert (PAC) Rajasthan Global Securities Pvt. Ltd., acquired 56,400 equity shares (0.35%) of Paradeep Parivahan Limited through an IPO allotment on March 24, 2025. The acquirer does NOT belong to the promoter or promoter group of the company. Prior to this acquisition, Lalit Dua held 8,40,000 shares (5.28%) of the company; post-acquisition, the holding stands at 8,96,400 shares (5.63%). The company's total equity share capital increased from 1,13,40,000 shares to 1,59,18,000 shares of Rs. 10 each, reflecting the IPO dilution. The disclosure is filed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The company is listed on the BSE-SME platform.
This is a minor, non-promoter stake increase achieved through IPO allotment rather than open-market buying, so it has limited implications for retail shareholders or stock price movement. The dilution from the IPO is the more relevant event for existing investors to monitor.