The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Thacker and Company Ltd
PDMJEPAPER · price
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On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 1.8 pts more than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Thacker and Company Limited, part of the promoter group of Pudumjee Paper Products Ltd, acquired 9,00,000 equity shares (0.95% of paid-up capital) of the company on 4th June 2025. The shares were acquired off-market from Fujisan Technologies Limited pursuant to a Scheme of Merger by Absorption between Fujisan (transferor) and Thacker (transferee), sanctioned by NCLT Mumbai on 1st May 2025. Before the acquisition, Thacker and Company held 1,30,05,000 shares (13.70%); after the acquisition, its holding rose to 1,39,05,000 shares (14.65%). Total equity share capital of Pudumjee Paper Products remains 9,49,50,000 shares of Re. 1 each.
This is a promoter group consolidation move via a court-approved merger, increasing the promoter entity's stake from 13.70% to 14.65%. It signals promoter commitment to the company and is generally viewed positively by investors, though the change is small and unlikely to move the stock price materially.