The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh Surendrakumar Loonia & Other
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On the reaction day the stock moved 4.3 pts less than Nifty Microcap 250 and 5.1 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Growington Ventures India Ltd informed BSE about a disclosure filed under SEBI's Takeover Regulations. Hitesh Surendrakumar Loonia, along with Persons Acting in Concert (Hitesh Kumar Loonia HUF), has acquired 6,85,00,000 equity shares (10.667%) of the company through a Rights Issue allotment on 27th June 2025. Before this acquisition, the acquirer held nil shares, so this is a fresh entry that crosses the 10% disclosure threshold. The acquirer is explicitly not part of the promoter/promoter group. The total equity share capital of the company stands at 64,22,15,760 shares both before and after the acquisition, indicating this was a fresh share issuance via rights issue rather than a secondary market transfer.
A non-promoter entity taking a 10.67% stake via a rights issue suggests confidence in the company's growth and brings in a sizeable new shareholder. This dilutes existing shareholders marginally and could be viewed positively as it signals fresh capital infusion into the company.