The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Three Gem Ventures LLP
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Three Gem Ventures LLP, a non-promoter entity, has acquired 36,47,810 equity shares (6.98%) of Aion-Tech Solutions Ltd through a preferential allotment on 12 May 2025. Prior to this acquisition, the LLP held no shares in the company. The preferential allotment expanded the company's total equity share capital from Rs. 34.58 crore (3,45,82,066 shares) to Rs. 52.26 crore (5,22,61,836 shares). The disclosure was filed under Regulation 29(1) of SEBI's Takeover Regulations, with the acquirer confirmed to be outside the promoter/promoter group.
The dilution from this preferential allotment means existing shareholders' stake percentage has reduced proportionally. For retail investors, this brings in a new institutional/strategic investor at 6.98%, which could be viewed as a vote of confidence in the company, though the share price reaction will depend on the issue price versus market price and the purpose of fundraising.