The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Peterhouse Investments Ltd
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Peterhouse Investments Limited, identified as part of the promoter/promoter group of Usha Martin Limited, sold 500,000 equity shares (0.16% of paid-up capital) through the open market on the National Stock Exchange on May 21-22, 2025. Before the sale, Peterhouse held 3,500,000 shares (1.15%), and after the sale its direct holding stands at 3,000,000 shares (0.99%). It also still holds 685,691 GDRs that are convertible into 3,428,455 equity shares at the holder's option. The disclosure has been filed under Regulation 29(2) of the SEBI Takeover Regulations from the company's administrative office in Guernsey.
This is a small promoter-group sale of just 0.16% of the company, unlikely to move the stock or change control dynamics. Retail investors should treat it as routine disclosure rather than a signal of any meaningful promoter exit.