The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Raghav Bahl
QUINT · price
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Awaiting price reaction for this filing.
Raghav Bahl, on behalf of the promoters and persons acting in concert (PAC) of Quint Digital Ltd, disclosed the acquisition of 3,77,216 equity shares (0.80% of share capital) through open market purchases till May 30, 2025. The shares were bought by RB Diversified Private Limited, a promoter group entity, whose stake rose from 7.47% to 8.27%. Post-acquisition, the aggregate promoter and PAC holding stands at 2,95,72,037 shares or 62.71%, up from 61.91% earlier. This filing is triggered because the cumulative promoter buying since the last disclosure on March 19, 2024 (when holding was 60.37%) has now crossed the 2% creeping acquisition threshold.
The promoter group continues to increase its already-majority stake, which is generally read as a confidence signal by retail investors. The incremental purchase is small and does not materially alter control, but it reinforces promoter commitment to the company.