The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for The Ballygunge Family Trust
SHANKARA · price
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The Ballygunge Family Trust has purchased 5,10,000 equity shares (face value Rs 10 each) of Shankara Building Products Ltd through the open market on February 20, 2026. This acquisition represents 2.10% of the company's paid-up share capital. Before this purchase, the trust held just 9,000 shares (0.037%); after the transaction, its total holding stands at 5,19,000 shares, or 2.14% of the company. The buyer has confirmed it does not belong to the promoter or promoter group. The disclosure has been filed under Regulation 29(2) of SEBI's Takeover Regulations, 2011.
While the buyer is not a promoter entity, the open market accumulation of over 2% by a family trust may be viewed by retail investors as a confidence signal in the company's prospects. The trust still has room under the 5% creeping acquisition limit for non-promoters, so further purchases cannot be ruled out.