The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bellanza Developers Pvt Ltd & PACs
EMBDL · price
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Bellanza Developers Private Limited, part of the promoter group of Embassy Developments Ltd, converted warrants into 4,95,97,000 equity shares (face value Rs. 2) during May 15-22, 2025. This raised Bellanza's direct holding from 4,09,52,979 shares (3.35%) to 9,05,49,979 shares (6.71%). Combined promoter and PAC holding grew from 53,00,55,556 shares to 57,96,52,556 shares, or 42.96% of the expanded paid-up capital. The total equity share capital of Embassy Developments rose from Rs. 244.51 crore (122.25 crore shares) to Rs. 269.85 crore (134.93 crore shares). This is an off-market, preferential-style allotment tied to earlier warrant instruments, not an open-market purchase.
This is a promoter group event with no fresh cash inflow to the company beyond the original warrant subscription; it slightly dilutes non-promoter shareholders' percentage but signals promoter commitment and continued control below the 50% threshold.