Salsett Vinimay acquires 8.77% stake in Marble City India
- Salsett Vinimay and PACs acquired 2,250,000 shares (8.77%) of Marble City India Ltd
- Total group stake rose to 11.03% (2,829,887 shares) after the open market purchase
- Salsett Vinimay bought 2,200,000 shares; Vedant Kajaraia added 50,000 shares
- Transaction completed on September 10, 2026, under SEBI SAST Regulations
- Acquirer is not part of the promoter group of Marble City India Limited
*this image is generated using AI for illustrative purposes only.
Salsett Vinimay Private Limited and its Persons Acting in Concert (PACs) acquired 2,250,000 shares of Marble City India Limited on September 10, 2026. The acquisition represents an 8.77% increase in voting rights, bringing the group’s total holding to 11.03% of the company’s equity share capital.
The transaction was executed through open market purchases. Prior to this acquisition, the group held 579,887 shares, constituting 2.26% of the total voting capital. The post-acquisition holding stands at 2,829,887 shares.
Acquisition Breakdown
The disclosure filed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, details the distribution of shares among the acquirer and its PACs:
| Entity | Shares Before | Shares Acquired | Shares After |
|---|---|---|---|
| Salsett Vinimay Private Limited | 389,887 | 2,200,000 | 2,589,887 |
| Rishi Kajaraia | 190,000 | - | 190,000 |
| Vedant Kajaraia | - | 50,000 | 50,000 |
| Total | 579,887 | 2,250,000 | 2,829,887 |
Salsett Vinimay Private Limited accounted for the majority of the new acquisitions, purchasing 2,200,000 shares. Vedant Kajaraia added 50,000 shares to his holding, while Rishi Kajaraia’s position remained unchanged.
What the Numbers Show
The acquisition was concentrated primarily in Salsett Vinimay Private Limited, which increased its individual stake from 389,887 to 2,589,887 shares. This single-entity purchase drove nearly 98% of the total block acquired by the group, indicating a strategic accumulation by the corporate entity rather than dispersed buying across all concert parties.
The company’s total equity share capital remained unchanged at 128,225,540 shares following the transaction. The acquirer confirmed it does not belong to the promoter or promoter group of Marble City India Limited.
Historical Stock Returns for Marble City
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +19.28% | +62.47% | +41.87% | +72.73% | +21.90% | 0.0% |
Will Salsett Vinimay Private Limited initiate a Tender Offer once its aggregate holding crosses the 15% threshold under SEBI Takeover Regulations?
How might this significant open market accumulation impact the liquidity and short-term price volatility of Marble City India Limited shares?
Does the strategic entry of Salsett Vinimay signal an intent to influence corporate governance or pursue a merger/acquisition strategy with Marble City India?
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