The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Axana Estates LLP
KAYA · price
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Axana Estates LLP has acquired 20,90,086 equity shares of Kaya Limited, representing 13.76% of the company's share capital, via a preferential allotment on 8th September 2025. Before this acquisition, Axana Estates LLP held no shares in the company, making this a fresh entry by a new shareholder. Importantly, the disclosure clarifies that Axana Estates LLP does NOT belong to the promoter or promoter group of Kaya Limited. As a result of this allotment, Kaya's total equity share capital has increased from Rs. 13.09 crore (1.30 crore shares) to Rs. 15.19 crore (1.52 crore shares), a dilution of roughly 16% for existing shareholders.
This is a non-promoter strategic investor taking a significant 13.76% stake via preferential allotment, which dilutes existing shareholders by about 16%. The stock may react based on the identity and credibility of the incoming investor and the issue price of the preferential shares.