The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Navin Chand Suchanti
SINCLAIR · price
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Awaiting price reaction for this filing.
Promoter Navin Chand Suchanti bought 30,535 equity shares (0.06%) of Sinclairs Hotels Limited through the open market on March 5-6, 2026. His stake has risen from 30,63,173 shares (5.97%) to 30,93,708 shares (6.03%) of the company. The acquisition was disclosed under SEBI's Takeover Regulations, which require promoters to report purchases once they cross the 5% shareholding threshold. The total share capital of the company remains 5,12,60,000 equity shares of Rs. 2 each.
This is a small but notable signal of promoter confidence, as a promoter is putting personal money into buying shares in the open market. The increase in holding is marginal, so it is unlikely to move the stock price significantly on its own, but it reinforces promoter faith in the company.