The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Amit Kumar Singh
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Amit Kumar Singh, along with Olatech Solution Limited and Amrita Amit Singh (acting as acquirers, not part of promoter group), has acquired shares in Greenhitech Ventures Ltd through a preferential issue allotted on 30 April 2025. Before the deal, they held just 86,000 shares (1.83%), but acquired 10,96,000 equity shares (8.44%) plus 7,53,000 warrants (5.80%) in one transaction. Post-acquisition, their total holding stands at 19,35,000 shares/warrants representing 14.90% of total share capital and 13.80% of diluted capital. The company's equity capital expanded from 47 lakh shares to roughly 1.30 crore shares as a result of this preferential allotment.
This is a significant non-promoter acquisition that brings the acquirer's stake to 14.90%, nearing the 25% threshold which would trigger a mandatory open offer. Existing shareholders should note potential dilution and a possible shift in control dynamics, though no immediate open offer obligation arises from this transaction.