The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shine Star Build Cap Pvt Ltd
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Shine Star Build-Cap Pvt Ltd, an RBI-registered NBFC, has acquired 5,00,000 equity shares of Aanchal Ispat Ltd, representing 11.81% of the paid-up equity share capital. The shares were allotted through a Qualified Institutions Placement (QIP) on June 5, 2026, and the disclosure was filed on June 8, 2026. This is Shine Star's first disclosed stake in the company — its holding prior to the acquisition was nil. As a result of the QIP, Aanchal Ispat's total equity share capital expanded from 28,33,331 shares to 42,33,331 shares. Importantly, Shine Star is not part of the promoter or promoter group of Aanchal Ispat.
The QIP has brought in a new institutional (NBFC) investor at a significant 11.81% stake, signalling capital infusion into the company. Shareholders should note that Shine Star is now just below the 15% SAST trigger threshold — any further purchase could mandate an open offer to public shareholders.