Catch the top SAST and promoter deals this week including big moves by Vedanta, Ambuja Cement, TVS Motor, and FMR LLC. Read the full report.
Top SAST and Promoter Deals of the Week: Major Stake Changes in PSP, Hindustan Zinc, and Dalmia Bharat
In a week that saw major stake transactions, both under the SAST (Substantial Acquisition of Shares and Takeovers) regulations and through promoter infusions, a number of major companies saw a shift in ownership dynamics. Such shifts are being closely monitored by observers, for they usually point to underlying deeper strategic plays or inherent value potential.
Here’s a roundup of the most critical SAST and promoter-driven deals recorded this week:
SAST Disclosures: Institutional and Strategic Acquisitions
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- PSP Projects Limited (PSPPROJECT)
A major institutional update came from FMR LLC and FIL Limited, along with their subsidiaries, who collectively acquired a 3.9% stake in PSP Projects. This deal indicates growing confidence in the construction and infrastructure firm. - Hindustan Zinc Limited (HINDZINC)
In a significant internal transaction, Vedanta Limited acquired a 3.08% stake in Hindustan Zinc. This move further consolidates Vedanta’s control over the company and aligns with its vertical integration strategy in the metal sector. - NAVA Limited (NAVA)
Prominent investor Ashwin Devineni secured a 2.43% stake, signaling long-term confidence in the company’s diversified operations, especially in energy and manufacturing. - Usha Martin Limited (USHAMART)
Peterhouse Investments India Ltd and Peterhouse Investments Limited each acquired 0.11%, reflecting minor but noteworthy international investor interest in the steel wire and rope manufacturer.
Promoter Transactions: Strategic Ownership Boosts
- Shri Krishna Prasadam Ltd (537954)
A major headline-maker, Newage Intermediaries LLP took promoter control by raising its stake from 0% to 94.99%. This dramatic shift places the firm in clear operational control. - Dalmia Bharat Ltd (DALBHARAT)
Keshav Power Limited significantly upped its stake from a modest 0.52% to 36.42%, marking a 35.9% stake increase. The move underlines a strategic push in the cement space. - Solara Active Pharma Sciences Ltd (SOLARA)
Pronomz Ventures LLP expanded its promoter holding from 5.55% to 9.71%, an increase of 4.16%, likely driven by positive long-term outlook in specialty pharma. - SP Capital Financing Ltd (SPCAPIT)
Satyen Suresh Jain, under two separate disclosures (revised and original), increased his stake from 2.09% to 4.38%, reflecting a doubling of interest in the financial firm.
Other Major Acquisitions
Beyond traditional SAST and promoter deals, several companies saw meaningful share accumulation by institutional and corporate acquirers:
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- TVS Supply Chain Solutions (TVSSCS)
TVS Motor Company Limited acquired 4,177,561 shares, raising its holding to 5.57%. This strengthens internal synergies within the TVS Group. - Orient Cement Ltd (ORIENTCEM)
Cement giant Ambuja Cements Limited picked up 37,972,718 shares, bringing its holding to a commanding 72.66%—a possible precursor to consolidation moves. - Veefin Solutions Ltd (VEEFIN)
Piramal Trusteeship Services Pvt Ltd increased its shareholding to 13.26% after acquiring 3,178,119 shares, reflecting investor confidence in the tech-fin firm. - SMS Pharmaceuticals Ltd (SMSPHARMA)
Ramesh Babu Potluri acquired 2.5 million shares, lifting his ownership to 20.48%. The pharma veteran seems bullish on the sector’s growth. - Shangar Decor Ltd (SHANGAR)
SAJM Global Impex Pvt Ltd acquired 23.4 million shares, holding 3.88% post-deal, suggesting new strategic entry into the business.
Market Sentiment and Outlook
The streak of stake changes is symptomatic of a portfolio rebalancing, promoter sentiment, and strategic buys in different sectors—cement, construction, pharma, to financial services. The deals could be symptomatic of future growth strategies, mergers, or expansion.
Investors may do well to keep an eye on stocks such as Dalmia Bharat, Hindustan Zinc, and PSP Projects, where such change of stake can be a sign of earnings momentum or restructuring on the cards.
