The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Success Merchants Ltd
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Success Merchants Ltd, a non-promoter entity, has acquired 3,78,020 equity shares (5.09%) of Purshottam Investofin Ltd through open market purchases between January 2, 2025 and December 9, 2025. The acquirer's holding was nil before this transaction, meaning this is a fresh entry that has just crossed the 5% disclosure threshold under SEBI Takeover Regulations. The acquirer is not part of the promoter or promoter group, indicating this is an external investor building a stake. The total paid-up equity capital of Purshottam Investofin stands at Rs 7.42 crore divided into 74.23 lakh shares of Rs 10 each.
A new non-promoter entity acquiring a 5%+ stake signals fresh external interest in the stock, but since the holding is just above the 5% threshold, no mandatory open offer is triggered. Shareholders should watch whether this stake increases further, as crossing 10% would trigger an open offer obligation.