FDC Ltd discloses substantial share acquisition by Nandan Mohan Chandavarkar & PACs

What FDC Ltd announced

On 29 June 2026, FDC Ltd (BSE: 531599) submitted a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing states that Nandan Mohan Chandavarkar and persons acting in concert (PACs) have acquired a substantial shareholding in the company. No further quantitative details were included in the announcement.

Details of the Regulation 29(2) filing

Regulation 29(2) mandates that any person or group acquiring shares that cross the prescribed threshold (generally 5% of the paid‑up capital) must inform the stock exchange within two trading days. The purpose is to ensure transparency for all market participants. The filing by FDC Ltd complies with this requirement, confirming that the acquisition has reached the level where disclosure is compulsory.

Parties involved

• Nandan Mohan Chandavarkar – identified as an individual acquirer.
• Persons Acting in Concert (PACs) – a group of entities or individuals that are deemed to act together with the primary acquirer for the purpose of exercising voting power.

The filing does not elaborate on the identity of the PACs, the exact number of shares acquired, the price paid, or the strategic intent behind the purchase.

Key facts at a glance

Why this matters for investors

The disclosure signals that a new shareholder or group has attained a material stake in FDC Ltd, potentially influencing corporate decisions that require shareholder approval. While the filing does not reveal the exact share percentage, crossing the SEBI threshold typically means the acquirer holds at least 5% of the company's equity. Investors should monitor subsequent filings for details on share count, voting rights, and any future intentions such as board representation or strategic changes.

Conclusion

FDC Ltd has complied with SEBI’s mandatory reporting by informing the market of a substantial share acquisition by Nandan Mohan Chandavarkar and associated PACs. The filing provides limited quantitative data, and further disclosures may be required to clarify the size of the holding and any planned actions by the new shareholders.