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, who is not a promoter of Praxis Home Retail Ltd, has acquired an additional 92,99,540 equity shares (6.88% of total share capital) through open market transactions on 19th May 2025. Prior to this purchase, he held 1,00,21,484 shares (7.41%); post-acquisition his total holding stands at 1,93,21,024 shares, or 14.29% of the company. The acquisition was carried out in cash via open market purchases and was disclosed to both BSE and NSE on 20th May 2025 as required under SEBI's takeover regulations.
A single-day open market purchase of nearly 7% stake by an external investor signals strong conviction and could boost sentiment around the stock. Crossing the 14% threshold brings the acquirer close to the 15% open-market creeping acquisition limit, which may trigger further disclosures or a possible open offer if additional buying pushes holding past regulatory limits.