The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manisha Mukesh Gala
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Manisha Mukesh Gala, a non-promoter acquirer, has acquired 1,20,00,000 equity shares representing 5.23% of the total share capital (2.56% of diluted capital) of Gemstone Investments Ltd. The acquisition was made through a preferential allotment dated 30.04.2026. Prior to this acquisition, the acquirer held zero shares. After the transaction, the company's total share capital increased from 14,65,50,000 to 22,93,50,000 equity shares due to this allotment. The acquirer explicitly confirmed they do not belong to the Promoter/Promoter group.
A non-promoter acquiring a 5.23% stake through preferential allotment could signal potential accumulation and interest in the company. This stake is approaching the 5% disclosure threshold, though it already triggers SAST reporting requirements.