The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for North Star Opportunities Fund VCC - Bull Value ....
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North Star Opportunities Fund VCC - Bull Value Incorporated VCC Sub-Fund, a Mauritius-based entity, has acquired 25,00,000 equity shares of Clara Industries Ltd through a preferential allotment at face value of Rs. 10 each. Before this acquisition, the fund held no shares in the company. After the allotment dated July 16, 2025, its holding stands at 9.74% of the total paid-up equity share capital. Clara Industries' total equity share capital expanded from Rs. 20.67 crore (2.06 crore shares) to Rs. 25.67 crore (2.57 crore shares) as a result. The acquirer is not part of the promoter or promoter group, and the disclosure has been filed under Regulation 29(1) of SEBI's Takeover Regulations, which is triggered when an acquirer crosses the 5% shareholding threshold.
This is a fresh institutional entry into Clara Industries at 9.74%, just shy of the 10% SAST threshold that would trigger an open offer obligation. The preferential dilution has expanded the share capital by about 24%, and shareholders should note that any further purchase pushing this fund past 10% would attract a mandatory open offer requirement.