Kuttukaran Homes Raises Stake in Popular Vehicles to 0.09%
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Kuttukaran Homes LLP modestly raised its holding in Popular Vehicles and Services Ltd to about 0.09 % through an open‑market purchase.
- Purchased 42,846 shares on 25 Mar 2026, bringing its stake to 64,600 shares, roughly 0.09 % of the 711,98,198‑share capital.
- Previously held 42,600 shares (~0.059 %), so the increase is modest and does not dilute existing shareholders.
- The deal crossed the 0.5 % SEBI trigger for promoter groups but stays under 1 %, leaving voting power limited.
- BSE and NSE accepted the disclosures on 27 Mar 2026, satisfying SEBI Regulation 7(2) and 29(2).
- Analysts assign a 6/10 outlook, seeing the purchase as a sign of promoter confidence with minimal immediate impact.
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