The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for PPMS Real Estates LLP
Awaiting price reaction for this filing.
PPMS Real Estates LLP, a non-promoter entity, acquired 8,19,868 equity shares (24.79%) of Avi Products India Ltd, jumping from 0% to 24.79% holding in just two days. The acquisition was done through a mix of open market (26,818 shares on 11th Feb 2026) and off-market transactions (7,93,050 shares on 11th and 13th Feb 2026). The company's total equity share capital is 33,06,802 shares of Rs. 10 each. The acquirer explicitly stated it does not belong to the promoter or promoter group. The stake acquired is just below the 25% mandatory open offer trigger threshold under SEBI Takeover Regulations.
A non-promoter taking a near-25% stake signals a potential change-of-control event. Investors should watch closely for any further acquisition that crosses 25%, which would trigger a mandatory open offer, and possible board/management changes.