The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Neomile Growth Fund Series I
INNOVISION · price
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Neomile Growth Fund - Series I, along with persons acting in concert (Neomile India Opportunity Fund, Neomile Corporate Advisory Ltd, and Kirtan Rupareliya), has acquired 20,88,956 equity shares representing 8.77% of the voting capital of Innovision Ltd. The acquirer held no shares prior to this transaction and is not part of the promoter or promoter group. Shares were acquired through a combination of public issue and open market purchases on 23rd March 2026. The disclosure is filed under Regulation 29(1) of SEBI's SAST Regulations, 2011, which is triggered when an acquirer's holding crosses the 5% threshold. Innovision's total equity share capital stands at 2,38,13,294 shares.
A new non-promoter institutional investor has taken a meaningful 8.77% stake, which is a significant holding and signals institutional confidence. The acquirer is now just below the 10% threshold, so further purchases could trigger additional disclosures and potentially attract market attention around creeping acquisition limits.