The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for iSquare Global PE Fund
SAMPANN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
iSquare Global PE Fund, a Mauritius-based investment entity (likely an FPI), has filed a disclosure under SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011, reporting an open-market acquisition of shares in Sampann Utpadan India Limited. The fund now holds 4,06,10,000 shares (approximately 5% stake) in the company. The disclosure under Regulation 29(2) is triggered when an entity crosses the 5% shareholding threshold, indicating this is either a fresh crossing or a change around that level.
A Mauritius-based PE/FPI taking a 5% open-market stake signals institutional interest in the company, which may be viewed positively by retail investors. However, the stake size is still moderate and does not imply any control-related implications at this stage.