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
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Pipalia Cables and Wires Pvt Ltd, part of the promoter group of PG Foils Ltd, bought 2,00,000 equity shares of the company on the open market on March 24, 2026. With this purchase, the promoter group's holding in PG Foils rose from 15,91,999 shares (13.50%) to 17,91,999 shares (15.19%), an increase of 1.69 percentage points. The transaction was executed on BSE, and the disclosure was filed under SEBI Insider Trading Regulations as well as Regulation 29(1) of the Takeover Regulations, 2011. The acquisition is well within the 5% creeping acquisition limit allowed to promoter group entities in a financial year.
This is a positive signal for retail investors, as the promoter group is increasing its own stake in the company, suggesting confidence in the business. The buying also tightens the promoter shareholding, but at 15.19% the company still has a relatively dispersed float, meaning a small float and potential for price support on any further buying.