The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for TIMF Holdings FDI AC
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TIMF Holdings FDI AC, along with its PACs (Think India Opportunities Master Fund LP, TIMF Holdings, and Think Investments PCC), has increased its holding in Tilaknagar Industries from 4.41% to 6.84% by converting 60 lakh warrants into equity shares on 12-Feb-2026. The acquirer is not part of the promoter group — these are foreign portfolio investor (FPI) entities. The warrants were originally set to expire on 28th March 2027. Post-conversion, the FPI group now holds 1,69,06,315 shares out of 24,71,70,825 total equity shares of the company.
This is a non-promoter FPI increasing its stake meaningfully (by 2.43%), which crosses the 5% disclosure threshold and signals continued institutional confidence in the company. Since this came via warrant conversion rather than open-market buying, there is no immediate demand-supply impact on the stock price, but it strengthens the FPI's long-term positioning.