The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bloomingdale Investments Pvt Ltd & Others
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Innovassynth Technologies (India) Ltd has merged into Innovassynth Investments Limited via a scheme of merger by absorption, approved by NCLT Mumbai on November 14, 2025 (rectification order November 26, 2025), with the effective date of December 19, 2025. On December 23, 2025, the target company allotted 4,74,65,031 new equity shares to the shareholders of the transferor company, expanding the share capital from 2,79,84,285 to 7,54,49,316 shares. No promoter actually bought or sold shares; however, their percentage holding changed by more than 2%, triggering this disclosure. Existing promoters Bloomingdale Investments fell from 12.10% to 4.49% and Matsyagandha Investments from 19.36% to 7.18%, while six new promoter-group entities received shares, including Akshay Raheja (24.86%) and Viren Raheja (24.86%). Total promoter and promoter-group holding jumped from 31.46% to 73.70% post-merger, and public shareholding dropped from 68.54% to 25.42%.
This is a corporate-action-driven disclosure and not a market transaction. The merger materially dilutes existing public shareholders and concentrates control with the Raheja promoter group, which now holds nearly three-quarters of the listed entity.