The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nilesh Kishor Shah & PACs
TVSSRICHAK · price
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Awaiting price reaction for this filing.
Nilesh Kishor Shah, along with 8 persons acting in concert (family members), filed a revised disclosure with BSE and NSE after their collective shareholding in TVS Srichakra crossed the 5% threshold. Before the acquisition, they held 3,71,976 shares (4.86%), and after buying 30,000 shares (0.39%) via the open market on 27th March 2025, their holding rose to 4,01,976 shares (5.25%). The acquirer clarified he does not belong to the promoter or promoter group. The disclosure was triggered because the open-market purchase pushed the holding past the 5% reporting limit under takeover norms.
This is a non-promoter entity accumulating shares above the 5% regulatory threshold, which means further purchases between 5% and 10% will require continued disclosures. For shareholders, it signals rising interest from a non-promoter investor group and warrants watching for whether they continue to buy or eventually seek board representation.