The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bagepalli Vijayakumar Harish & PACs
Awaiting price reaction for this filing.
Bagepalli Vijayakumar Harish along with Persons Acting in Concert (PACs) has filed a disclosure under SEBI SAST Regulations 2011 for acquiring additional shares of Shamrock Industrial Company Ltd. Their combined holding increased from 4.52% (36,55,000 shares) to 5.63% (45,50,000 shares), effectively crossing the 5% substantial acquisition threshold. The acquisition was carried out through market purchases. The acquirer and PACs together hold less than 25% of the company's share capital as per the disclosure.
Crossing the 5% SAST threshold is a regulatory trigger — the acquirer must now continue making disclosures for every 2% change thereafter. Retail shareholders should track further filings to see if the buying continues, which could indicate a creeping takeover attempt.