The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Singularity Holdings Ltd & PACs
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Awaiting price reaction for this filing.
Singularity Holdings Limited, along with Person Acting in Concert (PAC) Saraswati Commercial (India) Limited, has filed a disclosure under SEBI Takeover Regulations for acquiring additional shares in Prozone Realty Limited. The acquirer is NOT part of the promoter/promoter group. Singularity Holdings bought 4,44,441 equity shares (0.29% of total capital) through the open market on 28th April 2025 at a face value of Rs. 2 per share. With this purchase, the combined holding of Singularity Holdings and Saraswati Commercial increased from 4.97% (75,75,000 shares) to 5.26% (80,19,441 shares), crossing the 5% disclosure threshold. The acquisition was done in cash via open market transactions, and the total equity capital of the company remains unchanged at 15,26,02,883 shares.
Crossing the 5% shareholding threshold by a non-promoter entity is a routine regulatory disclosure and may attract market attention as it signals growing institutional interest. However, the acquisition size is small (0.29%), so direct impact on share price is likely limited.