The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pipalia Cables and Wires Pvt Ltd
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pipalia Cables and Wires Pvt Ltd, part of the promoter group of PG Foils Ltd, has purchased 2,00,000 equity shares (1.69%) of the company through the open market on March 24, 2026. Before this acquisition, the entity held 15,91,999 shares (13.50%), and after the purchase, its holding stands at 17,91,999 shares (15.19%). The disclosure was filed under Regulation 29(1) of SEBI's Takeover Regulations, confirming promoter group buying rather than any encumbrance activity.
This is a positive signal showing promoter group confidence, as insiders are putting their own money into the stock. The 1.69% open market purchase strengthens promoter group ownership and may provide some price support, though the acquirer remains well below the 25% takeover threshold that would trigger a mandatory open offer.