The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SPR Construction Pvt Ltd
Awaiting price reaction for this filing.
SPR Construction Private Limited, a non-promoter entity, acquired 35,00,000 equity shares (15.68%) of Binny Limited on 02 April 2025. Prior to this acquisition, the acquirer held zero shares in the company. Post-acquisition, SPR Construction's total holding stands at 35 lakh shares representing 15.68% of Binny's voting capital. The total equity share capital of Binny Limited is 2,23,19,410 shares. The disclosure was filed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, which is mandatory when a non-promoter acquirer crosses the 5% shareholding threshold.
A non-promoter entity now owns nearly 16% of the company, which is a substantial block and could influence future corporate decisions. Retail investors should monitor for further disclosures from SPR Construction or any related parties, as additional acquisitions beyond 15% would trigger an open offer obligation under SEBI takeover norms.