The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for P N Gadgil & Sons Ltd & PACs
PNGSREVA · price
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P.N. Gadgil & Sons Ltd, the promoter of PNGS Reva Diamond Jewellery Ltd, along with persons acting in concert (Govind Gadgil, Renu Gadgil, Anjali Gadgil), purchased 1,60,000 equity shares (0.50% of total share capital) through open market on June 5, 2026. Promoter holding increased from 42,07,500 shares (13.27%) to 43,67,500 shares (13.77%). The acquisition was disclosed under Regulation 29(2) of SEBI Takeover Regulations. The total equity share capital of the company stands at Rs. 31,69,84,000 comprising 3,16,98,400 equity shares of Rs. 10 each.
This open-market purchase signals continued promoter confidence in the company's prospects and strengthens promoter control. While the increase is small (50 basis points), it is generally viewed positively by retail investors as promoter buying often indicates belief in fair or undervalued share price.