The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Skyline Tele Media Services Ltd
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Skyline TeleMedia Services Limited, a promoter group entity of B.A.G. Films and Media Ltd, acquired 98,00,000 equity shares (4.72% stake) through preferential allotment on March 28, 2026. The acquisition increased the promoter's total shareholding from 13.76% to 17.82% of the paid-up capital. Post-transaction, the promoter group holds 17.82% (3,70,25,524 shares) plus 1,02,00,000 convertible warrants representing an additional 4.68% on fully diluted basis, bringing total economic exposure to 21.67% of diluted capital. The company's equity share capital increased from 1,97,91,80,90 to 2,07,71,80,90 shares due to the allotment.
The promoter group has strengthened its stake by nearly 4 percentage points through a preferential allotment, signaling confidence in the company's prospects. This reduces public float and increases promoter control, which could be viewed positively for governance stability but may limit liquidity for retail investors.