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Just caught wind of this - Eldose Babu has been quietly building his position in Saga plc (GB:SAGA). Dude crossed the 8% mark back in June 2024, bumping his voting rights from around 7% to over 8%. That's a pretty solid move, especially when you're already holding 11.5 million voting rights in a UK company.
What's interesting is how Eldose Babu went from 7.052394% to 8.021666% - not a massive jump, but definitely intentional. The notification came through on the same day, so it was all above board. Makes you wonder what his long-term play is here, whether he's just accumulating or planning something bigger.
Not exactly crypto-related, but these kinds of major shareholding moves always catch my attention. When someone like Eldose Babu is actively increasing stakes in a company, there's usually a reason behind it. Curious to see how this develops.