The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SP and Nisha Pvt Ltd
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SP and Nisha Private Limited has disclosed acquisition of 1,90,00,000 equity shares (8.28% of total share capital and 4.06% of diluted capital) in Gemstone Investments Ltd. The acquisition was made through preferential allotment on 30 April 2026. After the acquisition, the acquirer holds 8.28% stake in the company. The acquirer has confirmed it does not belong to the Promoter/Promoter group. The company's total share capital increased from 14.65 crore to 22.93 crore shares due to this preferential allotment, with fully diluted capital at 46.83 crore shares.
This represents a significant 8.28% stake acquisition by a non-promoter entity through preferential allotment, increasing the company's share capital. For existing shareholders, this dilutes their effective stake and signals fresh capital infusion into the company.