The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pushpa Bhaju
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Non-promoter acquirer Pushpa Bhaju received 21,00,000 equity shares (8.42%) of Fone4 Communications (India) Ltd through a preferential allotment dated 22-04-2025. Before this acquisition, Pushpa Bhaju held zero shares in the company, so the holding jumped from nil to 8.42%. The allotment was part of a larger capital expansion — the company's equity share capital increased from Rs. 17.05 crore (1.70 crore shares) to Rs. 24.95 crore (2.49 crore shares), meaning roughly 79 lakh new shares were issued in total. The disclosure was filed under SEBI's takeover regulations and the acquirer is not part of the promoter group.
A non-promoter picking up an 8.42% stake via preferential allotment brings them close to the 10% disclosure threshold under SEBI takeover rules. Retail shareholders should note potential dilution from the preferential issue and watch whether further acquisitions push this holder past 10%, which could have implications for control and future open-offer triggers.