The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Zuber Yusuf Dhanani
SAYAJIHOTL · price
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Promoter Zuber Yusuf Dhanani bought 7,00,041 shares (3.99%) of Sayaji Hotels on the open market on 22 December 2025. This lifted his stake from 1,46,160 shares (0.83%) to 8,46,201 shares (4.83%) of the company. The total equity share capital of the company is 1,75,17,977 shares of INR 10 each. The disclosure was filed under SEBI's Takeover Regulations, 2011 to report this acquisition to the stock exchanges.
This is a meaningful promoter stake build-up, with the holding rising nearly 6x in a single purchase, taking the promoter's stake close to the 5% substantial acquisition threshold. Open-market buying by a promoter is generally seen as a confidence signal, though investors should note further purchases above 5% would trigger additional SAST disclosures and potential open-offer obligations.