Nimbus India increases stake in Industrial Investment Trust to over 52%

On September 17, 2025, Nimbus India Limited acquired 25,000 equity shares of Industrial Investment Trust Limited through an open market transaction. This purchase falls under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011.

Following this acquisition, Nimbus India Limited's total holding in Industrial Investment Trust Limited, along with Persons Acting in Concert (PACs) including N.N. Financial Services Private Limited, Bipin Agarwal, and Swarn Mohinder Singh, increased to 1,03,14,548 shares. This represents 52.60% of the target company's total share/voting capital and 45.74% of the total diluted share/voting capital.

Before the acquisition, the combined holding of Nimbus India Limited and PACs was 1,02,89,548 shares, or 52.48% of the total share/voting capital. The equity share capital of Industrial Investment Trust Limited stands at 1,96,08,780 equity shares of Rs. 10/- each, aggregating to Rs. 19,60,87,800/-.