Intec Capital Ltd: Acquisition Disclosure Under Takeover Regulations

Intec Capital Ltd has filed a disclosure under Regulation 10(5) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, concerning an acquisition under Regulation 10(1)(a). The acquirer, Sanjeev Goel, is acquiring 12,58,088 shares, representing 6.85% of the company's capital, from India Business Excellence Fund—II. The acquisition price is ₹14.80 per share. The seller intends to exit the company gradually. This transaction is exempt from making an open offer as per Regulation 10(1)(a).