Announced Thu, 18 Jun · 08:21 IST
Acquirers raise stake in Navigant Corporate Advisors to 18.71 percent via open market
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
A group led by Genz Investment Advisors and Persons Acting in Concert bought 2,60,000 shares (8.25 percent) of Navigant Corporate Advisors on 16 June 2026 through open market purchase. Their combined holding rose from 10.47 percent (3,30,000 shares) to 18.71 percent (5,90,000 shares). The acquirers have confirmed they are not part of the promoter group. Total equity base is 31,52,750 shares of Rs 10 each.
Likely market impact
Non-promoter acquirers now sit near the 25 percent open offer trigger level. Further buying could force a mandatory open offer to all shareholders.