The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vikas Lifecare Ltd
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Vikas Lifecare Limited, part of the promoter/promoter group of Eraaya Lifespaces, converted 42,00,000 warrants into equal number of equity shares at ₹81 per share (including ₹80 premium). These warrants were originally issued on a preferential basis. Post-conversion, Vikas Lifecare's holding in Eraaya Lifespaces rose from 8,00,000 shares (0.41%) to 50,00,000 shares, increasing its stake to 2.57% of the equity capital and 1.49% on a diluted basis. The newly allotted shares will rank pari-passu with existing equity shares and are subject to a lock-in period. The transaction was completed on December 26, 2025.
This signals continued promoter confidence and commitment to the company, as the promoter group is increasing its stake via warrant conversion rather than selling. For shareholders, this is a mildly positive signal of promoter conviction, though the overall promoter holding remains modest at 2.57%.