Billwin Industries Promoter Subrata Dey Boosts Stake to 2.44% Through Open Market Purchase

Billwin Industries Limited , a company listed on the BSE, has witnessed a change in its promoter shareholding. Subrata Dey, a promoter of the company, has increased his stake through open market transactions, as disclosed in a recent regulatory filing.

Stake Increase Details

Subrata Dey acquired an additional 6,000 shares of Billwin Industries Limited through open market purchases. This acquisition has resulted in a notable increase in his shareholding:

The transaction took place on September 10, as per the disclosure made under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Company Overview

Billwin Industries Limited has a total equity capital of 41,79,724 shares, each with a face value of Rs. 10. The company's shares are listed on the BSE Limited.

Regulatory Compliance

In compliance with regulatory requirements, Subrata Dey has submitted the necessary disclosures to both the Bombay Stock Exchange and Billwin Industries Limited. The filing details the changes in shareholding and confirms that the acquisition was made through open market transactions.

This move by the promoter to increase his stake could be seen as a sign of confidence in the company's prospects. However, investors are advised to conduct their own research and analysis before making any investment decisions based on this information.