The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Print Solutions Pvt Ltd & PACs
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Print Solutions Private Limited, along with PACs Century 21 Officespace Private Limited and M.P. Entertainment and Developers Private Limited, purchased 82,755 equity shares of Sayaji Hotels (Indore) Ltd in the open market at an average price of Rs. 1,052.80 per share on March 28, 2025 (credited to DP account on April 2, 2025). This is a non-promoter acquisition. With this purchase, the combined holding of the acquirer and PACs in Sayaji Hotels rose from 24.16% (7,35,930 shares) to 26.87% (8,18,685 shares), thereby crossing the 25% trigger threshold under SEBI Takeover Regulations. The shares were acquired solely by Print Solutions Pvt Ltd, whose individual stake jumped from 0.01% to 2.72%.
This is a non-promoter entity crossing the 25% creeping acquisition threshold, which increases its disclosure and regulatory obligations under takeover rules. For shareholders, it signals a sizeable non-promoter entity building a meaningful stake in the company, which could be viewed as a sign of confidence in the stock.