The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Raj Kotia
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Promoter Raj Kotia has disclosed an acquisition of 9,01,090 equity shares (8.19%) of Sungold Media and Entertainment Ltd via an off-market inter-se transfer on July 9, 2025. Before the deal, Raj Kotia held 42,86,480 shares (38.97%); after the acquisition, the holding has risen to 51,87,570 shares (47.16%). The company's total equity share capital remains at ₹11 crore divided into 1,10,00,000 shares of ₹10 each. Since the acquisition exceeds the 5% creeping threshold under SEBI's Takeover Regulations, the disclosure was filed under Regulation 29(1).
The promoter's stake has moved closer to the 50% takeover trigger level, which could increase concerns about an open offer obligation if further shares are acquired. For existing shareholders, this signals consolidation within the promoter group rather than fresh dilution, and voting control has strengthened marginally.