The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Suraj Finvest Pvt Ltd & PACs
EMAMIREAL · price
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Suraj Finvest Pvt Ltd and Diwakar Finvest Pvt Ltd, part of the promoter group of Emami Realty, were allotted 59,90,000 equity shares (29,95,000 each) and 82,00,000 convertible warrants (41,00,000 each) through a preferential issue on April 16, 2025. This raised the promoter group's holding from 63.46% to 68.45% of the equity share capital, and to 73.42% on a fully diluted basis after warrant conversion. The company's total equity share capital increased from 3.78 crore to 4.38 crore shares, with fully diluted capital expanding to 5.20 crore shares. The warrants are exercisable at the holders' option within 18 months of allotment.
This signals promoter confidence and further consolidation of control in Emami Realty. For non-promoter shareholders, it means near-term dilution of about 5 percentage points, with potential further dilution of nearly 5 more points if warrants are converted, reducing their proportional stake in the company.