The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for TIL Global Pvt Ltd
TIL · price
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Promoter TIL Global Private Limited sold 12,09,176 shares (1.14% of voting capital, 1.47% diluted) in TIL Limited. The transaction relates to a rights issue of partly paid-up equity shares by the company, which concluded on April 14, 2026. The promoter's stake decreased from 70.12% to 63.25% (61.30% diluted) due to the combination of the share sale and increase in total share capital from the rights issue. No shares were pledged or encumbered. The company expanded its equity capital from INR 70.35 crore (7.03 crore shares) to INR 79.42 crore (7.94 crore shares) through this rights issue.
Promoter stake dilution from 70.12% to 63.25% indicates reduction in promoter holding. While still above 50%, the reduction below key thresholds may signal reduced promoter confidence or portfolio rebalancing. The company raised capital through a rights issue.