The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Saraswati Commercial (India) Ltd & PACs
PRECWIRE · price
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On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 1.3 pts less than its Aluminium Copper & Zinc Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Saraswati Commercial (India) Ltd along with eight Persons Acting in Concert (PACs) acquired shares and warrants of Precision Wires India Ltd through a preferential allotment on July 29, 2025. They bought 10 lakh equity shares of Rs 1 face value at Rs 151 per share (Rs 15.1 crore) and 20 lakh warrants, each convertible into one equity share at Rs 151. Their combined holding in Precision Wires rose from 88.45 lakh shares (4.95%) to 118.45 lakh shares (6.58%) of the post-issue share capital. The acquirer has explicitly stated it does NOT belong to the promoter or promoter group of Precision Wires. The allotments increased the company's equity share capital from 17.87 crore to 18.00 crore shares.
This is a non-promoter investor deepening its stake via preferential allotment, which brings in fresh capital but also dilutes existing shareholders by about 0.7%. The investor's willingness to pay Rs 151 per share may be read as a confidence signal, though the filing also shows substantial warrant exposure that could add further dilution later upon conversion.