The Exchange has received the revised disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Itiame Ltd
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Itiame Ltd has entered into an agreement dated March 31, 2025 with Mr. Naresh Malhotra, a Promoter of Prime Focus Ltd, to purchase 2,55,71,757 equity shares (8.52% of the company's share capital) held by him. Until the actual transfer happens via the block deal window on the stock exchange, an encumbrance (non-disposal undertaking) has been created on these shares, meaning the promoter cannot sell or transfer them to anyone else. Itiame Ltd is not part of the promoter group and currently holds zero shares in the company. The actual share purchase will take place later, subject to pricing guidelines and conditions in the agreement.
This signals a significant promoter stake sale of 8.52%, which could create supply-side pressure on the stock once the block deal is executed on the exchange. The price discovery through the block deal window will be a key event for shareholders to watch, as it may set a near-term benchmark for the stock.