The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for 3 Sigma Global Fund
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mauritius-based FII 3 Sigma Global Fund has filed a disclosure under SEBI's Takeover Regulations regarding conversion of 2,15,550 warrants into equity shares of Azad India Mobility Ltd on March 28, 2025. After this conversion, the fund holds 75,00,000 equity shares, representing 21.32% of the company's total share capital and 15.27% on a fully diluted basis. The mode of acquisition is warrant conversion, not an open market purchase, so the total number of shares held by the fund remains unchanged at 75 lakh. The company's total equity share capital increased from Rs. 34.11 crore to Rs. 35.18 crore as a result of this warrant conversion. The acquirer is not part of the promoter or promoter group.
This is a routine regulatory disclosure and not a fresh stock purchase, so it is unlikely to move the share price. However, it confirms that 3 Sigma Global Fund remains a significant non-promoter shareholder (FII) with over 21% stake, which is a long-term positive signal about foreign institutional interest in the company.