The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Alacrity Securities Ltd & Others
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Awaiting price reaction for this filing.
A group of non-promoter acquirers — Alacrity Securities Ltd, Genz Investment Advisors Pvt Ltd, Kruppa Mehta, and Hiten R. Mehta — have collectively acquired 1,30,000 shares (4.12%) of Navigant Corporate Advisors Ltd. Before this purchase, the group held 2,00,000 shares (6.34%) of the company, and after the acquisition their combined holding rises to approximately 10.46%, crossing the 10% disclosure threshold. This is why the filing has been made under Regulation 29(2) of the SEBI Takeover Regulations. The shares are listed on BSE.
A non-promoter group crossing the 10% ownership mark is a notable development for shareholders, as it signals increasing interest from an informed set of buyers. While no immediate price impact is guaranteed, further acquisitions by this group beyond 2% increments would trigger additional disclosures and may attract market attention.