The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jaidev Rajnikant Shroff
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Non-promoter individual Jaidev Rajnikant Shroff has been allotted 11,00,000 equity shares (face value Rs. 10 each at Rs. 18 premium) of MSL Global Limited on 10th July 2025 through conversion of warrants on a preferential basis. This takes his voting shareholding from 0% to 7.55% of total voting capital (3.24% of fully diluted capital), as he previously held only warrants. The allotment was part of a broader preferential issue of 34,66,666 shares to promoters and strategic investors, raising the company's post-issue equity capital to Rs. 14.56 crore (1,45,62,153 shares). The acquirer is classified as a non-promoter, strategic investor, and no encumbrance or pledge is involved.
Fresh equity dilution of around 31% for existing shareholders as the share count jumped from ~1.11 crore to ~1.46 crore. A new strategic investor has taken a significant 7.55% voting stake, which could signal confidence in the company's direction but also adds a sizable non-promoter holder to the shareholder table.