Pratik Saraogi Increases Shareholding in Milgrey Finance & Investments to 16.48%
Pratik Saraogi acquired 5,50,000 shares (2.55%) in Milgrey Finance & Investments Ltd through open market purchase on April 10, 2026, increasing his total shareholding from 13.93% to 16.48%. The transaction was disclosed under SEBI takeover regulations, with Saraogi confirming he is not part of the promoter group. The company's equity structure remains unchanged at 2,15,41,250 shares of Rs. 10/- each.
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Pratik Saraogi has disclosed a significant acquisition of shares in milgrey finance & investments , increasing his stake in the Mumbai-based finance company through an open market purchase.
Share Acquisition Details
The acquisition, completed on April 10, 2026, involved the purchase of 5,50,000 equity shares representing 2.55% of the company's total voting capital. This transaction was conducted through open market operations, as disclosed in the regulatory filing submitted to BSE Limited.
| Parameter | Before Acquisition | Shares Acquired | After Acquisition |
|---|---|---|---|
| Number of Shares | 30,00,000 | 5,50,000 | 35,50,000 |
| Percentage Holding | 13.93% | 2.55% | 16.48% |
| Voting Rights | 13.93% | 2.55% | 16.48% |
Regulatory Compliance
The disclosure was made pursuant to Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011. Saraogi confirmed that he does not belong to the promoter or promoter group of the target company. The acquisition required regulatory disclosure as it crossed the threshold limits specified under the takeover regulations.
Company Structure
Milgrey Finance & Investments Ltd maintains its equity share capital structure unchanged following this transaction. The company's total equity share capital remains at 2,15,41,250 equity shares of Rs. 10/- each, totaling Rs. 22,15,41,250. The company's shares are listed on BSE Limited under scrip code 511018.
Transaction Impact
The acquisition represents a strategic increase in Saraogi's position in the finance company, moving his total shareholding above the 15% threshold. The transaction was completed entirely through equity shares carrying voting rights, with no involvement of warrants, convertible securities, or encumbered shares. All acquired shares are free from any pledge, lien, or non-disposal undertaking.
Historical Stock Returns for Milgrey Finance & Investments
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -6.66% | -3.33% | +16.25% | -23.34% | -24.61% | +191.43% |
Will Pratik Saraogi continue accumulating shares to reach the 25% threshold that would trigger a mandatory open offer?
How might this increased stake influence Milgrey Finance's strategic direction and board composition?
What impact could Saraogi's growing influence have on the company's lending portfolio and risk management policies?
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