Seshasayee Paper and Boards Acquires 1,092 Equity Shares in High Energy Batteries
Seshasayee Paper and Boards Limited has acquired 1,092 equity shares in High Energy Batteries (India) Limited for Rs. 524.77 per share through BSE open market transactions on March 24, 2026. This acquisition increased Seshasayee Paper's shareholding from 17.798% to 17.810%, representing a 0.012% increase in the target company's equity capital.
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Seshasayee Paper and Boards Limited has announced the acquisition of 1,092 equity shares in High Energy Batteries (India) Limited, representing 0.012% of the target company's equity share capital. The acquisition was disclosed under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Transaction Details
The share acquisition was executed through open market purchases on the BSE on March 24, 2026. The transaction details are as follows:
| Parameter: | Details |
|---|---|
| Number of Shares Acquired: | 1,092 equity shares |
| Face Value: | Rs. 2/- each |
| Purchase Price: | Rs. 524.77 per share |
| Percentage Acquired: | 0.012% |
| Transaction Date: | March 24, 2026 |
| Exchange: | BSE |
Shareholding Pattern Changes
The acquisition has resulted in changes to Seshasayee Paper's shareholding pattern in High Energy Batteries. The comparative shareholding position shows:
| Shareholding Position: | Before Acquisition | After Acquisition | Change |
|---|---|---|---|
| Number of Shares: | 1,595,368 | 1,596,460 | +1,092 |
| Percentage Holding: | 17.798% | 17.810% | +0.012% |
| Total Voting Rights: | 1,595,368 | 1,596,460 | +1,092 |
Regulatory Compliance and Documentation
The disclosure was formally communicated through official letters dated March 24, 2026. High Energy Batteries' Company Secretary V. Anantha Subramanian received and acknowledged the disclosure from Seshasayee Paper's Director (Finance) & Secretary S. Srinivas. The transaction was reported to both the National Stock Exchange of India Limited and BSE Limited as required under regulatory guidelines.
The disclosure confirms that Seshasayee Paper belongs to the promoter group category of High Energy Batteries. All documentation was completed in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and SEBI (Prohibition of Insider Trading) Regulations, 2015.
Company Information
High Energy Batteries (India) Limited maintains a total equity share capital of 8,963,840 shares with a face value of Rs. 2/- each. The company's shares are listed on the BSE under scrip code 504176. The acquisition represents a minor increase in Seshasayee Paper's existing substantial shareholding, maintaining its position as a significant stakeholder in the battery manufacturing company.
Historical Stock Returns for High Energy Batteries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.12% | -6.24% | -6.46% | -15.96% | +3.75% | +217.03% |
Will Seshasayee Paper continue increasing its stake in High Energy Batteries to gain greater control over the battery manufacturing operations?
How might this strategic investment in battery technology align with Seshasayee Paper's future business diversification plans beyond traditional paper manufacturing?
Could this acquisition signal potential synergies between paper manufacturing and battery production, particularly in sustainable packaging for energy storage solutions?
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