The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Param Capital trhough its partner Mukul Mahavir Agrawal
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Param Capital, through its partner Mukul Mahavir Agrawal, has disclosed an acquisition of 14,24,000 equity shares (6.73%) in Zelio E Mobility Ltd, taking its total holding from 0% to 6.73%. The acquisition was made via IPO allotment and open market purchases on October 10, 2025, and the disclosure was filed under Regulation 29(1)/20(1) of the SEBI Takeover Code. The acquirer does not belong to the promoter or promoter group and is also not an FII (it is a partnership firm). The total share capital of Zelio E Mobility stands at 2,11,50,000 shares of Rs. 10 each, valuing the company at around Rs. 21.15 crore in share capital terms.
This is a new external investor entering the stock with a sizable 6.73% stake, which is within the 5–10% creeping acquisition band and could be seen as a sign of confidence in the company post-IPO. For shareholders, this brings an informed institutional-style shareholder on the register, but the holding is below the level that would trigger any further open offer or regulatory obligations.