The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Netizen Properties Pvt Ltd
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Netizen Properties Private Limited acquired 86,84,200 equity shares (74% of paid-up capital) of Thakral Services India Ltd from Paramount Park Limited on May 20, 2026. The transaction was conducted as an off-market inter-se transfer between two companies where the same person holds not less than 50% equity shares, in compliance with Regulation 10(1)(a)(ii) of SEBI SAST Regulations. The acquirer confirmed it does not belong to the Promoter/Promoter group. Total share capital of the company remains unchanged at 1,17,35,080 shares before and after the acquisition.
This is an internal restructuring transfer between commonly-controlled entities, unlikely to have immediate impact on stock price or minority shareholders. The 74% holding by Netizen Properties suggests consolidation of shareholding under a common beneficial owner.