The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mathew Cyriac
PRAXIS · price
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Mr. Mathew Cyriac, along with Person Acting in Concert (PAC) M/s Elimath Advisors Pvt Ltd, acquired 48,80,000 equity shares (2.64% of total share capital) of Praxis Home Retail Ltd through open market on December 8, 2025. Notably, the same 48,80,000 shares were immediately pledged by Elimath Advisors Pvt Ltd on December 9, 2025. The acquirer is not part of the promoter/promoter group. After this acquisition, the combined holding of the acquirer and PAC stands at approximately 22.00% of total share capital (up from 19.36% earlier), comprising direct voting shares and convertible instruments/warrants.
The acquirer's combined holding has risen to 22%, moving closer to the 25% open-offer trigger threshold under SAST Regulations. Retail investors should monitor for further acquisitions by Mathew Cyriac or Elimath Advisors, as crossing 25% would mandate a full open offer to all shareholders.