Announced Mon, 17 Aug, 2026 · 15:22 IST
Non-promoter acquires 4.90% in Sidh Automobiles via off-market deal
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Non-promoter group led by Mallinath Madineni, along with Santan Investment Advisory LLP, Prathima Madineni and Tanush Madineni, bought 1,45,114 shares (4.90%) of Sidh Automobiles through an off-market deal on Aug 17, 2026. Their combined holding rose from 18.96% (5,61,800 shares) to 23.86% (7,06,914 shares). Acquirers confirm they are not part of the promoter group. The stake is now close to the 25% open offer trigger under SEBI SAST rules.
Likely market impact
Non-promoter holding at 23.86%, approaching 25% open offer threshold. Watch for further acquisitions or open offer.