The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Eminence Global Fund PCC - Eubilia Capital Partners Fund I
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Mauritius-based Eminence Global Fund PCC - Eubilia Capital Partners Fund I has acquired 25,00,000 equity shares of Clara Industries Limited through a preferential allotment on July 16, 2025. This is a fresh acquisition — the fund held no shares prior to this transaction. Post-acquisition, the fund holds 9.74% of Clara Industries' total paid-up equity share capital. Clara Industries' equity share capital expanded from Rs. 20.67 crore (2.06 crore shares) to Rs. 25.67 crore (2.56 crore shares) as a result of this allotment. The acquirer is classified as a non-promoter entity, indicating this is institutional/FII money entering the company, not a promoter-related transaction.
A foreign institutional investor taking a nearly 10% stake signals confidence from offshore money and brings a sizeable new shareholder, but the stake is just below the 10% SAST threshold — any further buying will attract additional regulatory disclosure. Shareholders should note potential dilution of existing holdings due to the preferential issue.