The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Amrit Nirmal Chamaria & Niraj Chamaria
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Amrit Nirmal Chamaria and Niraj Nirmal Chamaria, acting in concert and explicitly identified as NOT belonging to the promoter/promoter group, acquired a total of 2,36,950 equity shares (4.64%) of Pro Clb Global Ltd through off-market transactions on 29 March 2025. Each acquirer bought 1,18,475 shares (2.32%). Post-acquisition, their combined holding in the company rose to 9,95,544 shares, representing 19.51% of the total share capital, up from 14.86% earlier. The acquisition was structured at 4.64% combined – just below the 5% trigger that would have necessitated an open offer under SEBI Takeover Regulations, a common tactic to avoid open offer obligations.
The acquirers now hold nearly one-fifth of the company via off-market deals, signalling a significant non-promoter stake build-up that could influence future control dynamics. The structured acquisition just under the 5% open-offer trigger is noteworthy for shareholders monitoring potential open offer scenarios.