Announced Thu, 23 Apr · 08:23 IST
Non-promoter acquirers take 13.65% stake via preferential issue
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.3%1-day move
₹1.72
prior close
₹1.84
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.1-1.1-8.2-3.3+2.3-1.7-2.9+1.2-1.2-2.3-5.2-8.1-7.0-9.9
Up moveDown movePending
AI summary
Bhavesh Shamji Dedhia along with PACs (Bhanuben, Bansri, Shamji Dedhia) acquired 2 crore equity shares (13.65% of voting capital, 3.70% diluted) of Gemstone Investments through preferential allotment on 21-Apr-2024. Acquirers explicitly do NOT belong to promoter group. They went from zero to 13.65% stake, crossing 5% and 10% SAST disclosure thresholds. Total share capital nearly doubled from 7.47 crore to 14.65 crore shares post-allotment.
Likely market impact
New 13.65% non-promoter shareholder may influence governance; significant dilution expanded share base by ~96%.