Prabhusar Algotech acquires 6.68% stake in Purshottam Investofin
- Prabhusar Algotech Private Limited acquired 4,95,604 shares of Purshottam Investofin Limited
- The stake purchase represents 6.68% of the total paid-up equity capital
- Combined holding of the acquirer and PACs increased to 19.59% from 12.91%
- Majority of shares (4,94,766) were acquired on September 25, 2026 via open market
*this image is generated using AI for illustrative purposes only.
Purshottam Investofin Ltd saw a significant shift in its shareholding pattern as Prabhusar Algotech Private Limited acquired 4,95,604 equity shares, representing 6.68% of the company's paid-up capital.
The acquisition was executed through open market transactions between September 16 and September 25, 2026. Following this transaction, the combined holding of Prabhusar Algotech and its persons acting in concert (PAC) rose from 12.91% to 19.59% of the total voting capital.
Acquisition details
The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer, formerly known as Pranidhi Ventures Private Limited, is not part of the promoter or promoter group of Purshottam Investofin.
| Entity | Pre-acquisition holding (%) | Shares acquired | Post-acquisition holding (%) |
|---|---|---|---|
| Prabhusar Algotech Private Limited | 11.70% | 4,95,604 | 18.38% |
| Pramod Kumar Jain (PAC) | 1.21% | 0 | 1.21% |
| Vinita Jain (PAC) | 0.00% | 0 | 0.00% |
| Total Combined Holding | 12.91% | 4,95,604 | 19.59% |
Transaction timeline
The bulk of the acquisition occurred on a single day, with minor purchases preceding it. The company's total paid-up equity capital remained unchanged at ₹7,42,32,950, consisting of 74,23,295 equity shares of face value ₹10 each.
- September 16, 2026: 389 equity shares acquired
- September 17, 2026: 445 equity shares acquired
- September 23, 2026: 4 equity shares acquired
- September 25, 2026: 4,94,766 equity shares acquired
What the numbers show
A concentrated buying pattern is evident in the transaction data. While small lots were purchased over three separate days earlier in September, 99.8% of the total acquired shares (4,94,766 out of 4,95,604) were bought on September 25, 2026 alone. This suggests a strategic accumulation rather than gradual retail-style buying, pushing the acquirer's stake close to the 20% threshold that often triggers further regulatory disclosures.
Historical Stock Returns for Purshottam Investofin
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -7.95% | -10.37% | -7.15% | +0.79% | 0.0% | 0.0% |
Will Prabhusar Algotech increase its stake beyond the 20% threshold to trigger mandatory open offer obligations under SEBI regulations?
What strategic rationale drives Prabhusar Algotech's concentrated accumulation of Purshottam Investofin shares via open market transactions?
How might the shift in shareholding structure influence Purshottam Investofin's corporate governance and board composition in upcoming meetings?
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