The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Abundantia Capital VCC - Abundantia Capital III
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Abundantia Capital VCC – Abundantia Capital III, a Singapore-based investment vehicle, has acquired 1,104,000 equity shares (5.2%) of B.A.G. Convergence Limited through a public issue on 08 October 2025. Prior to this acquisition, the acquirer held NIL shares in the company. After the acquisition, total holding stands at 5.2% of the equity and voting capital. The acquirer is not part of the promoter or promoter group of the target company. The equity share capital of the target company remains unchanged at 2,12,18,800 shares. The disclosure was filed with the stock exchanges on 27 November 2025.
This is a fresh entry by a foreign institutional investor acquiring a meaningful stake (just above the 5% disclosure threshold) via a public issue, indicating new institutional interest in the stock. Shareholders should monitor whether further buying pushes the stake toward higher disclosure thresholds, which could impact stock liquidity and price discovery.