Prabhusr Algotech acquires 7.72% stake in Purshottam Investofin
- Prabhusr Algotech acquired 5,72,869 shares (7.72%) of Purshottam Investofin via open market
- Total group holding rises to 12.91% from 5.19% post-acquisition
- Bulk purchase of 5,72,563 shares executed on August 31, 2026
- No encumbrances or pledges reported on the newly acquired shares
*this image is generated using AI for illustrative purposes only.
Prabhusr Algotech Private Limited has acquired a 7.72% stake in Purshottam Investofin Limited through open market purchases. The transaction involved the acquisition of 5,72,869 equity shares, bringing the entity's total holding to 11.70%.
The acquisition was disclosed to BSE Limited on September 1, 2026, pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The bulk of the share purchase occurred on August 31, 2026, with smaller transactions recorded on August 26 and 27, 2026.
Acquisition Details
The acquirer, Prabhusr Algotech Private Limited (formerly Pranidhi Ventures Private Limited), acted in concert with Pramod Kumar Jain and Vinita Jain. The following table outlines the change in shareholding:
| Metric | Before Acquisition | Acquired | After Acquisition |
|---|---|---|---|
| Prabhusr Algotech Shares | 2,95,771 (3.98%) | 5,72,869 (7.72%) | 8,68,640 (11.70%) |
| Pramod Kumar Jain Shares | 89,741 (1.21%) | 0 | 89,741 (1.21%) |
| Vinita Jain Shares | 102 (0.00%) | 0 | 102 (0.00%) |
| Total Group Holding | 3,85,614 (5.19%) | 5,72,869 (7.72%) | 9,58,483 (12.91%) |
No shares were encumbered or pledged as part of this transaction. The total voting capital of Purshottam Investofin remains unchanged at ₹7,42,32,950, comprising 74,23,295 equity shares of face value ₹10 each.
What the Numbers Show
The acquisition significantly consolidates control within the promoter group. By increasing its individual stake from 3.98% to 11.70%, Prabhusr Algotech now holds more than double the voting rights compared to its pre-acquisition position. The combined group holding of 12.91% represents a substantial increase from the previous 5.19%, indicating a deliberate move to strengthen ownership concentration through open market activity rather than preferential allotment.
Historical Stock Returns for Purshottam Investofin
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | +5.61% | -5.30% | 0.0% | 0.0% |
Will Prabhusr Algotech's increased 11.70% stake trigger any additional disclosure obligations or influence the board composition of Purshottam Investofin?
How might this consolidation of promoter group control impact the liquidity and trading volume of Purshottam Investofin's shares in the near term?
Does the open market acquisition strategy suggest Prabhusr Algotech intends to pursue further aggressive stake accumulation or a potential takeover bid?
16
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
