The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manali Bhuva

Promoter Stake BuyOwnership Changes View source PDF

Price

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▲ 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

Manali Bhuva, a promoter of Gemstone Investments Ltd, acquired 1,20,00,000 equity shares (8.19%) through preferential allotment on 21.04.2024. Prior to this acquisition, she held 2,10,000 shares (0.28%). After the transaction, her total holding increased to 1,22,10,000 shares representing 8.33% of the expanded share capital. The company's total equity share capital nearly doubled from 7,47,50,000 to 14,65,50,000 shares due to this preferential issue. The acquirer confirmed she belongs to the promoter group.

Likely market impact

A promoter increasing her stake via preferential allotment signals confidence in the company. The near-doubling of share capital dilutes existing shareholders' ownership percentages, though the promoter's absolute stake remains modest at 8.33%.