The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vikas Garg
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vikas Garg, a member of the promoter group of Eraaya Lifespaces Ltd, has acquired 32,00,000 (32 lakh) equity shares through conversion of warrants that were earlier allotted to him on a preferential basis. The shares were issued at ₹81 each (₹1 face value + ₹80 premium). With this acquisition, his shareholding in the company rose from 18,00,000 shares (0.88%) to 50,00,000 shares (2.42%) of the total equity share capital. The newly allotted shares rank equally with existing shares but are subject to a mandatory lock-in period as per SEBI preferential issue rules. The date of acquisition was January 5, 2026.
This is a positive signal showing the promoter's continued commitment and confidence in the company by increasing his personal stake. However, the size of the acquisition is relatively modest (about 1.5% increase), and the shares being locked-in means no immediate selling pressure. Retail investors may see this as a confidence-building move, though the overall promoter holding remains low at around 2-3%.