The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajnikant Ramjibhai Patel & PACs
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rajnikant Ramjibhai Patel, along with persons acting in concert (Ramjibhai Chhaganbhai Patel and Bhavnaben Dhirailal Patel), promoters of Patidar Buildcon Ltd, have disclosed an acquisition of 1,00,000 equity shares (1.82% of total share capital) via off-market route on 24 December 2025. This takes the combined promoter group's holding from 10,54,000 shares (19.16%) to 11,54,000 shares (20.98%). The total equity share capital of the company is Rs. 5,50,05,700, divided into 55,00,570 equity shares of Rs. 10 each. The acquisition is well within the SEBI creeping acquisition limit of 5% per financial year for shareholders holding between 15% and 25%.
This is a positive signal for shareholders as it shows promoter confidence in the company, with the promoter group increasing its stake by buying shares off-market. The holding is now approaching the 25% open offer trigger threshold, so any further acquisitions beyond 5% in a financial year could attract open offer obligations.