The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sofreal Marcantrade Pvt Ltd & PACs
STEL · price
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Sofreal Mercantrade Pvt Ltd, along with 33 persons acting in concert (including promoter family entities like Secura India Trust, Digidrive Distributors Ltd, and Lebnitze Real Estates Pvt Ltd), bought 3,70,351 equity shares (2.01%) of STEL Holdings Ltd through open market purchases on NSE and BSE between March 7, 2025 and December 17, 2025. The promoter group's holding has risen from 69.32% (1,27,93,995 shares) to 71.33% (1,31,64,346 shares) of the company's equity. The total equity capital remains at 1,84,55,405 shares of Rs. 10 face value, with no dilution from the transaction. This disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011, which is triggered when an acquirer's holding crosses key percentage thresholds.
This signals continued promoter confidence in the company, with the promoter group steadily increasing its already dominant stake above the 70% mark through small, regular open market buys. Such creeping acquisitions reduce free float and could limit liquidity for other shareholders, though it also reduces takeover risk.