Announced Wed, 15 Apr · 10:04 IST

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

Price

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Price reaction · full curve 14 horizons · vs prior close

+5.4%1-day move

₹23.00

prior close

₹24.00

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0+0.0+0.0+5.4+8.7+5.5+10.8+13.0+12.3+23.0+32.0+31.6+25.7

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AI summary

Genus Shareholders Trust (Vikas Kothari as Trustee) has disclosed acquisition of 45,90,642 equity shares representing 5.89% of the fully diluted share capital of Genus Prime Infra Ltd. The acquisition was through a court-approved scheme of arrangement involving the demerger of the Strategic Investment Business of GenusPower Infrastructures Limited into Genus Prime Infra Limited. The acquirer explicitly stated it does not belong to the Promoter/Promoter group. The company's share capital increased from 14,926,440 shares to 77,977,210 shares post-allotment of 63,050,770 new shares under the scheme.

Likely market impact

This is a passive acquisition through a corporate restructuring (demerger) rather than open market purchase. The trust holds 5.89% which is below the SEBI open offer trigger threshold of 25%. No immediate impact expected on stock price as this is a structural change.