The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for AL Maha Investment Fund - ONYX Strategy
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AL Maha Investment Fund - ONYX Strategy, a Mauritius-based foreign portfolio investor, acquired 40 lakh equity shares representing 6.51% of Credent Global Finance Ltd through a Qualified Institutional Placement (QIP) on February 19, 2026. This was a fresh entry — the fund held Nil shares prior to the acquisition and does not belong to the promoter group. As part of the same QIP, the company's equity share capital expanded from about 5.15 crore to 6.15 crore shares, meaning roughly 1 crore new shares were issued in total, of which AL Maha took 40 lakh. The acquisition triggered a mandatory SEBI disclosure because the new holding crossed the 5% reporting threshold.
A foreign institutional investor taking a 6.51% stake via QIP signals fresh institutional confidence in the company, which is positive for credibility. However, existing shareholders face about 20% equity dilution from the QIP issuance, which may weigh on per-share metrics in the short term.