Discover the latest promoter and SAST stake acquisitions in companies like Gautam Exim, Bijoy Hans, ITDCEM, and EPL. Big moves shaping investor sentiment.
Top Promoter and SAST Deals: Strategic Stake Acquisitions Reshape Market Dynamics
Mumbai, June 2, 2025 — In a week that saw significant promoter and SAST (Substantial Acquisition of Shares and Takeovers) activity, several notable companies across sectors reported major changes in shareholding patterns. These stake shifts not only reflect strategic confidence but also hint at broader plans by acquirers to consolidate control or increase their influence within listed entities.
Let’s take a closer look at the standout promoter and SAST acquisitions that caught the market’s attention.
Promoter Stake Acquisitions: New Entrants and Strategic Increases
Gautam Exim Ltd (GEL)
One of the most significant developments came from Gautam Exim Ltd, where Raj Kumar Agrawal acquired a 36.73% stake. Previously holding zero shares, Agrawal’s fresh entry signals long-term interest. Interestingly, updated disclosures dated May 30, 2025 indicate an even higher total holding of 61.52%, suggesting additional purchases on the open market or via negotiated deals.
Bijoy Hans Ltd (BIJHANS)
Another remarkable change came from Bijoy Hans Ltd, with two promoters entering simultaneously.
- Agri One India Ventures LLP took a 24.4% stake.
- UG Patwardhan Services Pvt Ltd mirrored that move with another 24.4%, jointly making up a controlling interest.
This dual acquisition likely indicates a strategic collaboration or syndicate aiming for board-level influence.
GEE Ltd (GEE)
In GEE Ltd, Payal Agarwal increased her stake from a modest 1.03% to 24.92%. This move gives her significant say in governance and could influence future business strategies or investor decisions.
New Markets Advisory Ltd (NEWMKTADV)
Promoter Vicky Pratapbhai Shah emerged with a 17.74% holding in New Markets Advisory Ltd. With no prior shareholding, this sizable entry implies a long-term growth strategy or an attempt to steer company direction.
Key SAST Acquisitions: Institutional and Strategic Players Step In
Under SEBI’s takeover code, SAST filings become mandatory once acquisition crosses prescribed thresholds. Several large deals this week fall under that banner.
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ITD Cementation India Ltd (ITDCEM)
Thailand-based Italian-Thai Development Public Company Ltd acquired a controlling 46.64% stake in ITDCEM. This transaction, likely part of a strategic merger or joint infrastructure expansion, positions the Thai acquirer as a dominant player in India’s construction sector.
EPL Ltd (EPL)
Another crucial SAST deal involved EPL Ltd, where DB International Trust (Singapore), acting as a security agent, acquired 24.9%. This acquisition likely ties into a structured financial arrangement, giving the trust significant leverage in corporate decisions.
BirlaNu Ltd (BIRLANU)
Orient Paper & Industries Ltd made waves with a 12.02% acquisition in BirlaNu Limited. According to a separate SAST update on May 30, 2025, the exact number of shares acquired stood at 906,360, though the post-acquisition holding remains at 0.00%, suggesting the transaction might be part of a larger restructuring or share swap.
Vimta Labs Ltd (VIMTALABS)
Renowned for its diagnostic services, Vimta Labs welcomed Vasireddi Veerabhadra Prasad as a significant acquirer with a 4.27% stake, potentially reflecting internal alignment or succession planning.
SRM Contractors Ltd (SRM)
Finally, a financial syndicate comprising Neomile Growth Fund-Series 1 and Neomile Asset Managers Pvt Ltd acquired 2.71% in SRM Contractors. Though relatively smaller in percentage, such strategic buys by funds often precede further investment or institutional interest.
Spotlight: Healthcare Global (HCG) and Control Dynamics
In a complex series of filings dated May 30, 2025, two entities—Aceso Company Pte. Ltd. and Hector Asia Holdings II Pte. Ltd.—acquired 71,677,991 shares each of Healthcare Global Enterprises Ltd (HCG). The final holdings post-acquisition stand at:
- Aceso: 8.94%
- Hector Asia: 51.41%
This reshuffling suggests internal restructuring within the parent group or consolidation under a single strategic arm. It’s worth watching how this impacts HCG’s future funding and operational strategy.
Market Implications and Takeaways
These promoter and SAST deals highlight rising confidence among acquirers in India’s mid-cap and infrastructure sectors. A blend of institutional investors, family offices, and strategic entities are aggressively positioning themselves for future growth.
From Gautam Exim to ITDCEM, the influx of new stakeowners is expected to lead to:
- Governance changes
- Board seat claims
- Long-term funding infusion
- Potential open offers (as per SEBI norms)
Investors should closely monitor filings in the coming weeks for any open offer announcements or strategic business realignments.
