The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Garima Nikhil Bhatia
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Awaiting price reaction for this filing.
Garima Nikhil Bhatia, a member of the promoter group of Bhatia Communications & Retail (India) Ltd, has converted 25,00,000 warrants into equity shares, increasing her holding to 25,00,280 shares (1.78%) of the company. The acquisition was made on 09/03/2026 through the conversion of warrants, not through an open market purchase. As a result of the conversion, the total equity share capital of the company has expanded from 13,01,52,000 shares to 14,06,52,000 shares of Rs. 1 each, an increase of about 1.05 crore shares.
This is a pre-committed warrant conversion by a promoter group member rather than a fresh market purchase, so it is unlikely to cause a major stock price reaction. The small increase in promoter group stake (to 1.78%) signals modest confidence, but the overall dilution from the conversion spreads existing ownership more broadly.