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 disclosed the acquisition of 20,88,956 equity shares in Innovision Ltd, representing 8.77% of the total share/voting capital. The acquirer previously held zero shares, so this is a fresh acquisition bringing their aggregate holding to 8.77% in one transaction. The acquisition was carried out on 23rd March 2026 through a combination of Public Issue and Open Market purchases. The acquirer is not part of the promoter/promoter group. Innovision's total equity share capital stands at 2,38,13,294 shares.
A new non-promoter institutional investor has built an 8.77% stake in the company in a single shot, which is a significant shareholding. Being just below the 10% takeover threshold, any further purchase by Neomile could trigger an open offer obligation under SEBI takeover rules, making the stock sensitive to further buying by this entity.