The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Century 21 Officespace Pvt Ltd
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Century 21 Officespace Private Limited, along with its Persons Acting in Concert (PACs), disclosed the open-market purchase of 3,78,251 equity shares of Sayaji Hotels (Indore) Ltd at an average price of Rs. 1,250 per share on August 21, 2025. The transaction increased Century 21 Officespace's individual stake from 17.93% to 30.34% of the company's share capital. Including PACs (Print Solutions, Century 21 Town Planners, and M.P. Entertainment Developers), the combined group holding rose from 26.87% to 39.29%. The acquirer is not part of the promoter group, and the purchase was made entirely through the open market.
This is a substantial acquisition by a non-promoter group, with the combined holding now nearing the 40% mark — close to SEBI takeover thresholds. Such a large single-block purchase (over 12% in one transaction) will likely trigger an open offer obligation under SEBI Takeover Regulations and signals a potential change-of-control scenario, which is material for retail shareholders.