Saraogi PAC raises Advit Jewels stake to 5.24% with 3.45 lakh share buy
- Ramesh Sawalram Saraogi and PAC Navratri Share Trading Private Limited acquired 3,45,000 Advit Jewels shares
- The open market purchase on September 18, 2026 raised the group's stake from 4.49% to 5.24%
- Total post-acquisition holding stands at 24,00,000 equity shares
- The acquirers are not part of the promoter group
- No encumbrances or convertible instruments were involved in the deal
*this image is generated using AI for illustrative purposes only.
Ramesh Sawalram Saraogi and his person acting in concert (PAC), Navratri Share Trading Private Limited, increased their holding in Advit Jewels to 5.24% following an open market acquisition of 3,45,000 equity shares on September 18, 2026.
The transaction was disclosed pursuant to Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirers are not part of the promoter group.
Acquisition Details
The acquisition was executed entirely through Navratri Share Trading Private Limited. Prior to this purchase, the group held 20,55,000 shares, representing 4.49% of the total voting capital. The additional purchase of 3,45,000 shares added 0.75% to their stake.
| Metric | Pre-Acquisition | Acquired | Post-Acquisition |
|---|---|---|---|
| Shares Held | 20,55,000 | 3,45,000 | 24,00,000 |
| Stake (%) | 4.49% | 0.75% | 5.24% |
The post-acquisition shareholding is split between Ramesh Sawalram Saraogi (5,00,000 shares or 1.09%) and Navratri Share Trading Private Limited (19,00,000 shares or 4.15%).
Capital Structure Context
Advit Jewels has a total equity share capital of ₹45.81 crore, comprising 4,58,10,000 equity shares of face value ₹10 each. The acquisition did not alter the company’s total voting capital or diluted share capital.
No encumbrances, warrants, or convertible securities were involved in the transaction. The shares acquired carry full voting rights.
Historical Stock Returns for Advit Jewels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +9.27% | +8.72% | +60.72% | +110.76% | +110.76% | +110.76% |
What is the strategic rationale behind Navratri Share Trading Private Limited increasing its stake in Advit Jewels, and does this signal a potential move toward a larger takeover bid?
How might this accumulation of shares by a non-promoter entity impact the stock's liquidity and volatility in the near term?
Given the rise to 5.24%, are there any indications that the acquirers plan to cross the 10% or 25% thresholds that would trigger mandatory open offer obligations under SEBI regulations?
15
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
