Fairbridge Capital (Mauritius) Ltd, HWIC Asia Fund (Class A Shares)�has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
BLUSPRING · price
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Awaiting price reaction for this filing.
Bluspring Enterprises Limited listed on BSE and NSE on June 11, 2025, following a Composite Scheme of Arrangement involving Quess Corp Limited (Demerged Company), Digitide Solutions Limited, and Bluspring. As part of this scheme approved by NCLT Bengaluru on March 4, 2025, the promoter group was allotted 5,16,01,555 equity shares of face value INR 10 each on April 21, 2025, at a 1:1 entitlement ratio. Post-allotment, Fairbridge Capital (Mauritius) Limited holds 5,08,53,455 shares (34.14%) and HWIC Asia Fund (Class A Shares) holds 7,48,100 shares (0.50%), bringing total promoter group holding to 34.64%. Pre-transaction, the promoter group held Nil shares. The disclosure is filed within the required 4 working days of listing under Regulation 10(6) of SEBI SAST Regulations, 2011.
This is a one-time scheme-driven allotment, not a market purchase, so there is no cash outflow or immediate price impact. Shareholders should note that the promoter group now holds 34.64% of Bluspring, keeping it below the 50% takeover threshold. The listing follows Bluspring's demerger from Quess Corp, giving investors a new stock to track.