Pilani Investment and Industries Corporation Limited has filed a mandatory disclosure regarding the substantial acquisition of shares in Aditya Birla Lifestyle Brands Limited. The acquirer, which belongs to the Promoter/Promoter group, increased its holding via multiple Open Market Purchases between March 2nd and March 9th, 2026. The total number of shares acquired was 2,88,05,564, increasing the total voting rights held to 8.03% of the Target Company’s total capital.
Mandatory Substantial Acquisition Disclosure
Pilani Investment and Industries Corporation Limited (the Acquirer), acting as part of the Promoter/Promoter group, has submitted the required disclosure under Regulation 29(2) concerning its transactions in the shares of Aditya Birla Lifestyle Brands Limited (the Target Company).
Pre-Acquisition Shareholding Snapshot
Prior to the recent transactions, the Acquirer held 6,92,22,856 equity shares, representing a holding of 5.67% of both the total share capital and the total diluted share capital of the Target Company.
Details of Shares Acquired
During the period covered by the disclosure, the Acquirer purchased an additional 2,88,05,564 shares carrying voting rights. This acquisition represents an increase of 2.36% in voting rights relative to the total share capital.
Post-Acquisition Shareholding Status
Following the acquisition, the total holding of Pilani Investment and Industries Corporation Limited in the Target Company is 9,80,28,420 shares. This aggregate holding constitutes 8.03% of the total voting rights and 8.03% of the total diluted share capital.
Transaction Methodology and Timeline
The acquisition mode utilized for these purchases was exclusively Open Market Purchase. The details of the transactions, which occurred across several days, are itemized as follows:
- March 2, 2026: 50,60,000 Equity Shares acquired.
- March 4, 2026: 60,40,564 Equity Shares acquired.
- March 5, 2026: 56,05,000 Equity Shares acquired.
- March 6, 2026: 60,00,000 Equity Shares acquired.
- March 9, 2026: 61,00,000 Equity Shares acquired.
Target Company Capital Structure Context
The total equity share capital of the Target Company before and after the said acquisition remained constant at Rs. 1220,50,40,090/-, comprising 122,05,04,009 equity shares of Rs. 10/- each, fully paid up.
Source: BSE
