The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Synergy Industrials, Metals & Power Holdings Ltd
GMRP&UI · price
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On the reaction day the stock moved 3.6 pts less than Nifty Microcap 250 and 2.0 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Synergy Industrials, Metals & Power Holdings Ltd, a non-promoter entity registered in DIFC Dubai, acquired 3,72,27,001 equity shares (about 3.72 crore shares) of GMR Power and Urban Infra Ltd through a preferential allotment on January 28, 2026. This acquisition increased Synergy's stake from 8.71% to 12.74% of the company's share capital (12.22% on a diluted basis), crossing the 10% SAST disclosure threshold. The shares were allotted at a face value of INR 5 each, and the company's total equity share capital expanded to INR 390.50 crore divided into 78.10 crore shares post-allotment. No encumbrance, warrants, or convertible securities are involved in this transaction.
A non-promoter foreign entity has significantly increased its stake in the company via preferential allotment, crossing the 10% regulatory threshold. This signals strong interest from a strategic/foreign investor and dilutes existing shareholders; share price reaction will depend on the allotment price and the acquirer's intent.