Announced Thu, 18 Jun · 08:23 IST
Non-promoter group raises stake in Navigant to 18.71% via open market buys
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
A group of non-promoter acquirers (Alacrity Securities, Genz Investment Advisors, Kruppa Mehta, Hiten R. Mehta, Aikyata Advisory LLP, and Meeta Hiten Mehta) bought 2,60,000 shares (8.25%) of Navigant Corporate Advisors in the open market on June 16, 2026. Combined stake rose from 10.47% (3,30,000 shares) to 18.71% (5,90,000 shares), crossing the 15% disclosure threshold. Total equity capital is 31,52,750 shares of face value Rs. 10.
Likely market impact
Outside buyer interest is rising and they are approaching the 25% takeover threshold, beyond which a mandatory open offer could be triggered.