Shareholding17 Aug 2026, 03:23 pm
Mallinath Madineni Group Acquires 4.90% Stake in Sidh Automobiles
AI Summary
Mallinath Madineni and associated persons have acquired 1,45,114 equity shares, representing 4.90% of the total paid-up capital of Sidh Automobiles Ltd. This acquisition, conducted off-market on August 17, 2026, increases their total holding to 23.86%. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The total equity share capital of the company remains 29,62,300 equity shares.
Key Highlights
- Acquirers purchased 1,45,114 shares, a 4.90% stake.
- Total holding increased to 23.86% post-acquisition.
- Transaction was executed via off-market deal.
- Disclosure filed as per SEBI Takeover Regulations.
Price Impact
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