The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Plutus Wealth Management LLP
SAMMAANCAP · price
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Plutus Wealth Management LLP, along with its PAC Junomoneta Finsol Private Limited, has filed a SEBI SAST disclosure for crossing the 2% acquisition threshold in Sammaan Capital Ltd between 11th July 2025 and 26th August 2025. Plutus (the acquirer) bought 37,50,000 shares (0.45% of voting capital) via open market, while its PAC sold 17,50,000 shares (0.21%). Net combined holding rose from 8.80% to 9.04% (7,50,00,000 shares). The acquirer explicitly does not belong to the promoter group. The company's total voting capital expanded from 82.93 crore to 90.55 crore equity shares during the period, likely due to a rights issue or allotment.
A non-promoter entity is steadily accumulating shares in Sammaan Capital and now holds 9.04%, sitting close to the 10% open-offer trigger threshold under takeover rules. Investors should watch for any further purchases that could push it past 10% and trigger a mandatory open offer, or for any block-deal activity in the stock.