The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pranav Shah
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Pranav Satishkumar Shah, a member of the promoter group of Sacheta Metals Ltd, has disclosed the acquisition of 46,500 equity shares (about 0.03% of the company's share capital) through the open market on 20/03/2016. Before the acquisition, he held 1,11,86,909 shares (8.95%), and after the purchase his holding stands at 1,13,33,409 shares (8.98%). The total equity share capital of the company is Rs. 25 crore, divided into 12.5 crore shares of Rs. 2 each. The acquisition was carried out in his personal capacity as part of the promoter group.
This is a small, routine open-market purchase by a promoter group member, signalling continued confidence in the company. The size is minimal (0.03%) and is unlikely to have a material impact on the stock price, but it confirms promoter-group accumulation in the open market.