Explore top SAST deals this week featuring Tilaknagar Industries, ITD Cementation, Suprajit Engineering, and more. Key changes in shareholder patterns.
Top SAST Deals: Key Shareholding Changes in Tilaknagar, ITDCEM, Suprajit & Others
In the latest round of Substantial Acquisition of Shares and Takeovers (SAST) filings, several notable shifts in shareholding have come to light, offering insights into the strategic movements of institutional investors and major stakeholders. These transactions, disclosed under SEBI’s SAST Regulation 2011, hint at evolving investment strategies and corporate confidence in India’s listed companies.
Let’s take a closer look at the top SAST deals making headlines in the Indian stock market.
1. Lotus Family Trust Increases Stake in Tilaknagar Industries
Company: Tilaknagar Industries Limited (NSE: TI)
Acquirer: Lotus Family Trust
Stake Acquired: 0.48%
Lotus Family Trust, a known player in strategic investments, acquired 0.48% additional stake in Tilaknagar Industries Limited, strengthening its position in the company. This move signals continued confidence in the liquor manufacturing firm’s operational turnaround and strategic direction.
Tilaknagar has shown steady growth in recent quarters with a focus on premiumization and distribution expansion. The increased stake by Lotus Family Trust underscores bullish sentiment toward its future potential.
2. ITDCEM Sees Major Stake Reshuffle Involving RENEW EXIM and Italian Thai
Company: ITD Cementation India Ltd (NSE: ITDCEM)
Acquirer(s):
- RENEW EXIM DMCC – Acquired 80.1 million shares, holding now at 67.46%
- Italian Thai Development Public Company Ltd – Offloaded entire stake, reducing holding to 0.00%
This week’s most significant transaction came from ITD Cementation India, where Dubai-based RENEW EXIM DMCC acquired a controlling 67.46% stake. In parallel, Italian Thai Development offloaded its entire holding, exiting completely.
This large-scale reshuffling marks a pivotal change in the company’s ownership structure, likely to impact future business strategy and governance.
3. Suprajit Engineering: DSP Trustee Offloads Shares
Company: Suprajit Engineering Limited (NSE: SUPRAJIT)
Acquirer/Seller: DSP Trustee Private Ltd (on behalf of DSP Mutual Fund Schemes)
Stake Sold: 0.32%
DSP Mutual Fund, through its trustee company, trimmed its exposure in Suprajit Engineering by selling 0.32% of its holding. While the quantity may seem modest, such reductions often indicate tactical reallocations within fund portfolios.
Suprajit remains a strong player in the automotive cable manufacturing sector, and this move may be part of broader fund strategy rather than a company-specific concern.
4. HNDFDS: ICICI Prudential Life Increases Holding
Company: Hindustan Foods Limited (NSE: HNDFDS)
Acquirer: ICICI Prudential Life Insurance Co. Ltd
Shares Acquired: 95,849
Post-Acquisition Holding: 5.07%
ICICI Prudential Life inched past the 5% threshold in Hindustan Foods, taking its holding to 5.07%. This milestone indicates growing interest in the FMCG manufacturing sector, especially companies engaged in contract manufacturing and food processing.
Crossing the 5% mark is a regulatory benchmark, triggering SAST disclosure norms.
5. Manaksia Coated Metals: MP Agrawal & Sons HUF Buys In
Company: Manaksia Coated Metals & Industries Limited (NSE: MANAKCOAT)
Acquirer: MP Agrawal & Sons HUF
Stake Acquired: 0.47%
The Hindu Undivided Family of MP Agrawal entered the shareholder list of Manaksia Coated Metals with a 0.47% stake, pointing to new investor interest in the metal products segment.
This small yet strategic entry could signal confidence in the cyclical upturn of coated steel demand.
6. Voltamp Transformers: Stake Acquired by Taral K Patel
Company: Voltamp Transformers Limited (NSE: VOLTAMP)
Acquirer: Taral K Patel
Stake Acquired: 0.2%
Taral K Patel, a known figure in industrial investments, acquired 0.2% in Voltamp Transformers. The move highlights increasing individual investor interest in power sector equipment stocks amid India’s ongoing infrastructure push.
7. Devanshi Jalan Buys into Linc Limited
Company: Linc Limited (NSE: LINC)
Acquirer: Devanshi Jalan
Stake Acquired: 0.05%
In another micro-acquisition, Devanshi Jalan picked up a 0.05% stake in Linc Limited, best known for its stationery products. While a small quantity, it reflects confidence in the retail and education-oriented consumer market.
8. Sajeeve Thomas Invests in Ironwood Education
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Company: Ironwood Education Limited (NSE: IRONWOOD)
Acquirer: Koppara Sajeeve Thomas
Shares Acquired: 784,389
Post-Acquisition Holding: 0.00%
Despite acquiring a substantial number of shares, Sajeeve Thomas’s overall holding in Ironwood Education reflects as zero post-transaction, indicating potential inter-party transfers or offsetting transactions within the system.
9. Aditya Halwasiya Raises Stake in TFCILTD
Company: Tourism Finance Corporation of India Limited (NSE: TFCILTD)
Acquirer: Aditya Kumar Halwasiya
Shares Acquired: 742,575
Total Holding After Acquisition: 17.36%
Investor Aditya Kumar Halwasiya raised his stake in TFCILTD to a significant 17.36%, signaling a long-term bet on tourism-linked financial services in India. This substantial holding is likely to influence board-level decisions and company policy.
Conclusion
This week’s SAST filings show a blend of institutional consolidation and emerging investor confidence across varied sectors—from liquor and power to FMCG and infrastructure. Key entities like RENEW EXIM DMCC and ICICI Prudential Life have made bold moves, while individual investors continue to eye niche opportunities in small and mid-cap firms.
As always, these disclosures serve as valuable signals for market watchers, offering a glimpse into strategic investor behavior and emerging business trends.
