The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nine ALPS Trust - Nine ALPS Opportunity Fund
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Nine ALPS Trust – Nine ALPS Opportunity Fund has acquired 4,20,000 equity shares (9.92%) of Aanchal Ispat Limited through a Qualified Institutional Placement (QIP) allotment on 8th June 2026. The acquirer, which is not part of the promoter group, held no shares in the company prior to this acquisition. Post-allotment, Aanchal Ispat's equity share capital expanded from 28,33,331 shares to 42,33,331 shares of Rs. 10 each. The disclosure was filed under Regulation 29(1) of SEBI's Takeover Regulations, which is a pre-acquisition disclosure requirement.
This is a fresh institutional entry into Aanchal Ispat through primary issuance, which dilutes existing shareholders by roughly 33% but brings in new capital. The 9.92% holding is below the 25% open-offer threshold, so no mandatory open offer is triggered. Existing shareholders may view the QIP participation positively as a sign of institutional confidence, though dilution is a near-term concern.