The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Plutus Wealth Management LLP
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Plutus Wealth Management LLP, along with PAC Junomoneta Finsol Private Limited, has disclosed an open-market acquisition of 52,03,320 equity shares (about 0.63% of voting capital) in Sammaan Capital Ltd between November 11, 2024 and May 19, 2025. The acquirer is not part of the promoter group. After this purchase, Plutus together with PAC holds 7,15,53,320 shares, or 8.63% of the company's voting capital, up from 8.00% earlier. The disclosure was filed as Plutus's cumulative acquisitions crossed the 2% threshold requiring a SEBI SAST disclosure.
This is a non-promoter institutional buyer steadily increasing its stake toward the 10% disclosure threshold, which is generally viewed as a positive signal of investor confidence in Sammaan Capital. It may attract incremental buying interest but does not directly affect promoter control.