The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vertexiq Pte Ltd
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vertexiq Pte Ltd, a Singapore-based non-promoter shareholder, saw its holding in Hypersoft Technologies diluted from 6.15% to 1.18% following a large preferential allotment. The company issued 6,82,00,000 fresh equity shares to other allottees, expanding its share capital from Rs. 16.25 crore to Rs. 84.45 crore (over 5x increase). No shares were actually bought or sold by Vertexiq — the reduction in percentage is purely passive dilution from the new issuance. Vertexiq continues to hold 10,00,000 equity shares in absolute terms.
This filing is a passive event for the shareholder — the stake fell mechanically due to a major capital raise, not due to selling pressure. However, the massive preferential allotment (6.82 crore new shares) is a significant dilution event for existing shareholders and warrants attention on pricing and use of funds.