The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Craft Emerging Market Fund PCC
GSPCROP · price
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Craft Emerging Market Fund PCC, through its three sub-funds (Citadel Capital Fund, Elite Capital Fund, and Prosperity Investments Fund), acquired a 6.62% stake in GSP Crop Science Ltd. The acquisition was done through open market and IPO purchases totaling 3,077,725 shares. Before this transaction, the acquirer held zero shares in the company. The total share capital of GSP Crop Science stands at 46,518,750 shares. The acquirer has confirmed it does not belong to the Promoter or Promoter group of the company. The disclosure was made under SEBI's substantial acquisition regulations following acquisitions on 23-24 March 2026.
A non-promoter FII acquiring a 6.62% stake represents a meaningful minority position. While below the 10% threshold that triggers open offer obligations, crossing the 5% disclosure threshold signals institutional interest in the company.