The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Stellant Securities (India) Ltd & Others
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Three non-promoter entities—Stellant Securities (India), Johnsom & Andrew Properties, and Thomson & Wyman Enterprises—have disclosed acquisition of fully convertible warrants in Akme Fintrade (India) Ltd under Regulation 29(1) of SEBI SAST Regulations. Stellant Securities is acquiring 1 crore warrants, while the other two entities are each acquiring 50 lakh warrants. All warrants are priced at INR 7 per equity share (face value INR 1 plus INR 6 premium) and were allotted on May 21, 2026. Prior to this, these entities collectively held about 42.83 lakh shares (0.93% of voting capital). After the transaction, their combined holding (shares plus warrants) stands at approximately 2.42 crore units, representing 4.18% of the diluted share capital. The share capital expanded from about 42.67 crore to 58.04 crore equity shares after this preferential allotment.
The dilution from new equity issuance (15.37 crore new shares upon warrant conversion) could moderately impact existing shareholders. The acquirers remain non-promoter entities with a relatively small combined stake, so immediate takeover threat is limited, but the warrants could lead to further accumulation if converted and held.