The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Valueforge Innovations Pte Ltd
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Valueforge Innovations Pte. Ltd., a Singapore-based foreign investor, has filed a disclosure under SEBI SAST Regulations reporting that its shareholding in Hypersoft Technologies was diluted from 14.77% to 2.84% — not due to any buy or sell by the investor, but because the company issued 6.82 crore equity shares on a preferential basis to other allottees. This preferential allotment expanded Hypersoft's total share capital from 1.62 crore shares (Rs. 16.25 crore) to 8.44 crore shares (Rs. 84.45 crore), a more than 5x expansion. The filing clarifies that no actual shares were acquired or sold by Valueforge — the change is purely a result of dilution. Valueforge is not part of the promoter group.
Existing shareholders, including this foreign investor, have been significantly diluted. The massive preferential allotment to new allottees (more than 4x the existing share base) means existing holders now own a much smaller proportional stake, which could be dilutive to per-share value unless the new capital is deployed effectively.