The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nav Capital VCC - NAV Capital Emerging Star Fund
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NAV Capital VCC - NAV Capital Emerging Star Fund, a non-promoter entity based in Singapore, has disclosed the purchase of 10,000 equity shares of Last Mile Enterprises Ltd through the open market on March 24, 2025. The acquisition marginally increased the fund's holding from 34,507,110 shares (9.85% of total equity) to 34,517,110 shares (9.85% of total equity), a negligible change of just 0.002%. The disclosure was filed under SEBI's SAST Regulation 29(2), which is triggered when an acquirer's holding crosses or approaches key thresholds. The fund's holding is just below the 10% mark, which is a notable threshold under takeover regulations.
The acquisition is too small to materially affect shareholding or stock price. However, the fund already holds nearly 10% of the company, making it a significant non-promoter stakeholder whose future moves should be tracked.