The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Appala Srinivasu
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Appala Srinivasu, a non-promoter acquirer, has disclosed the acquisition of 7,50,000 equity shares (7.58%) of Cura Technologies Limited under SEBI SAST Regulation 29(1). The shares were allotted on 21.06.2025 via preferential allotment pursuant to a Resolution Plan approved by the NCLT, Hyderabad, following its order dated 14.09.2023. This is a fresh acquisition, as the acquirer held no shares prior to this allotment. The company's total equity share capital post-allotment stands at 99,00,000 shares of Rs. 10 each. The acquisition suggests the company has emerged from a corporate insolvency resolution process, with the acquirer gaining a significant stake through the approved revival plan.
A new non-promoter entity has acquired a 7.58% stake, indicating post-resolution restructuring of the company. Shareholders should note the change in shareholder base and the context of NCLT-driven resolution, which may affect future promoter dynamics and control of the company.