Promoter group entities purchase shares for Rs 22,96,68,184 and Rs 34,54,02,001 via open market

Promoter group entities purchased company shares through the open market on the NSE.

Thu 1 Oct 2026

Tulsi Highrise Shares Bought

31,63,250 equity shares on 28th and 29th September, 2026

Tulsi Highrise Aggregate Cost

Rs 22,96,68,184

Tulsi Highrise Holding Change

43,62,179 (0.71%) → 75,25,429 (1.22%)

Wilcox Merchants Shares Bought

48,25,000 equity shares on 28th September, 2026 for Rs 34,54,02,001

Wilcox Merchants Holding Change

31,83,212 (0.51%) → 80,08,212 (1.30%)

What the company shared

The company has submitted the disclosures it received in Form C under Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. These are continual disclosures by persons forming part of the promoter group about a change in their shareholding in the company. The shares were purchased through the open market on the National Stock Exchange of India Limited.

Tulsi Highrise Pvt. Ltd.

• Purchased 31,63,250 equity shares on 28th September, 2026 and 29th September, 2026.
• Aggregate cost: Rs 22,96,68,184.
• Holding before the purchase: 43,62,179 shares, or 0.71%.
• Shares acquired in this transaction: 0.51% of the company's shares.
• Holding after the purchase: 75,25,429 shares, or 1.22%.

Wilcox Merchants Pvt. Ltd.

• Purchased 48,25,000 equity shares on 28th September, 2026.
• Aggregate cost: Rs 34,54,02,001.
• Holding before the purchase: 31,83,212 shares, or 0.51%.
• Shares acquired in this transaction: 0.78% of the company's shares.
• Holding after the purchase: 80,08,212 shares, or 1.30%.

How to read this

Both entities are shown as promoter group entities, and both bought through the exchange in the market, in the "Market Purchase" mode. A purchase of this kind does not bring new money into the company; it changes who holds the shares, moving the shares from other buyers to these promoter group entities.

The disclosure also records that the transaction value excludes taxes, brokerage and any other charges, so the actual outflow would be somewhat higher than the figures stated.

Persons who made the disclosures

The company's covering letter states that the Form C disclosures enclosed were received from persons/entities forming part of the promoter group: Tulsi Highrise Pvt. Ltd., Wilcox Merchants Pvt. Ltd., Mr. Mayank Kejriwal, Mrs. Asha Kejriwal, Mr. Madhav Kejriwal, Mrs. Nityangi Kejriwal Jaiswal and Mrs. Priya Sakhi Kejriwal Mehta.

How such news is generally seen

Promoter group entities adding to their holding is often read as a sign of their confidence in the business, and it increases the promoter group's total stake in the company. The numbers to track here are the quantity bought, the cost, and the change in each entity's holding percentage before and after the purchase, all of which are set out above.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.