The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Malabar India Fund Ltd
SCODATUBES · price
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Malabar India Fund Limited, a foreign portfolio investor based in Mauritius, has acquired 21,42,800 equity shares (3.58%) of Scoda Tubes Limited through a public issue anchor allotment dated May 27, 2025. This takes its total holding in the company from 24,00,000 shares (5.43%) to 45,42,800 shares (7.58%). The acquisition was part of the company's public issue, during which the total equity share capital expanded from 4.41 crore to 5.99 crore shares. Malabar India Fund is not part of the promoter group, and no encumbrances (pledges) are involved in this transaction.
This is a fresh institutional investment via the anchor portion of the company's public issue, which is generally viewed positively as it signals confidence from a foreign institutional investor. Malabar's stake is now nearing the 10% threshold that would trigger a mandatory open offer under takeover regulations, so further buying by this entity should be watched closely.