Cyber Media (India) Limited has informed the Exchange regarding 'Disclosure of shareholding under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011'.
CYBERMEDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Pradeep Gupta has filed a disclosure under Regulation 10(6) of SEBI Takeover Regulations regarding the conversion of partly paid-up equity shares into fully paid-up shares under the company's Rights Issue. His shareholding rose from 74,78,919 shares (47.74%) to 1,12,85,971 shares (54.73% of post-issue capital). The acquirer also took up an additional 1.53% of shares beyond his rights entitlement. The transaction is exempt from the open offer requirement under Regulation 10(4)(b) of the SAST Regulations.
The promoter's stake has crossed the 50% mark, strengthening his control over the company. Existing shareholders should note that the promoter increased his ownership significantly through the rights issue, which may reduce free float but signals confidence in the company's future.