The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(ii)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
SAKHTISUG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter M. Manickam acquired 1,68,60,000 equity shares (14.18% of total share capital) from ABT Investments (India) Private Limited, a Promoter Group company, at Rs. 15.96 per share. The total transaction value was Rs. 26,90,85,600. The acquisition was completed on 4th May 2026 via off-market inter se transfer and qualifies for exemption under Regulation 10(1)(a)(ii) of SEBI SAST Regulations. Post-transaction, M. Manickam's holding increased from 15.79% to 29.89%, while ABT Investments' holding decreased from 55.93% to 41.75%. The total promoter and promoter group shareholding remains unchanged at 59.83%, confirming no change in aggregate promoter control.
No material impact on stock price expected as the transaction represents only a redistribution of shares within the promoter group with zero change in total promoter holding and no new public share acquisition.