StockWatch
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Sugar
Shareholding17 Aug 2026, 03:18 pm

Seshasayee Paper Acquires 3.37% Stake in Ponni Sugars

AI Summary

Seshasayee Paper and Boards Limited has acquired 2,90,000 equity shares, representing 3.373% of the capital in Ponni Sugars (Erode) Limited. The acquisition, valued at an undisclosed amount, was made through open market purchases on August 17, 2026. Following this transaction, Seshasayee Paper and Boards Limited's total holding in Ponni Sugars (Erode) Limited has increased from 32.347% to 35.720%. This disclosure is made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Key Highlights

  • Seshasayee Paper acquired 3.373% stake in Ponni Sugars.
  • Acquisition was made via open market purchases.
  • Total holding in Ponni Sugars now stands at 35.720%.
  • Disclosure filed under SEBI Takeover Regulations.
  • Transaction date was August 17, 2026.