The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Paramount Park Limited, part of the promoter group, is acquiring a total of 62,29,200 shares (53.08%) of Thakral Services (India) Limited from two fellow promoter entities — Thakral Investments Holdings (Mauritius) Limited (22,00,000 shares, 18.75%) and TIL Investments Pvt. Ltd. (40,29,200 shares, 34.33%) — at INR 13.80 per share via an off-market transaction scheduled on or after February 12, 2026. Post-transaction, Paramount Park's stake will rise from 20.92% (24,55,000 shares) to 74% (86,84,200 shares), while the two selling promoter entities will be reduced to zero holdings. The aggregate promoter and promoter group holding remains unchanged before and after the transfer. As this is an inter-se transfer within the promoter group, it qualifies for exemption under Regulation 10(1)(a)(i), and no open offer is triggered.
This is purely an internal reshuffle within the promoter group with no change in total promoter ownership, so there is no impact on minority shareholders or stock price from a corporate control standpoint. The transaction consolidates a large stake (74%) under a single promoter entity, which could marginally reduce perceived diversity within the promoter group.