The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rare CP Fund I LP
CEINSYS · price
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Rare CP Fund I LP, a foreign portfolio investor based in the US, has converted 14,89,086 share warrants into equity shares of Ceinsys Tech Limited, acquiring a 7.11% stake. Before this conversion, the fund held 5,87,443 shares (2.81%) along with the 14,89,086 warrants (7.11%), giving a combined pre-conversion exposure of 9.92%. Post-conversion, the fund holds 20,76,529 equity shares, representing 9.92% of Ceinsys Tech's expanded share capital. The company's total equity share capital has increased from ₹17.84 crore (1,78,41,146 shares) to ₹20.94 crore (2,09,37,661 shares) following this allotment dated March 19, 2026. The acquirer is not part of the promoter or promoter group, and no encumbrance or pledge is involved in this transaction.
Existing shareholders face dilution as the share count rose by roughly 17% due to warrant conversion, though this was a pre-committed preferential allotment rather than a new equity raise. A non-promoter foreign fund now holds nearly 10% of the company, placing it close to the SEBI takeover disclosure threshold and warranting monitoring of any further stake increases.