The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Divya Gulechha
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Ms. Divya Gulechha, a non-promoter acquirer, has disclosed the purchase of 3,50,000 equity shares of New Markets Avenue Limited (BSE Scrip Code: 508867) through a Preferential Allotment on 27 November 2025. Her holding increased from 8,000 shares (0.16%) to 3,58,000 shares (7.24%) of the company's paid-up equity capital of 49,40,000 shares of Rs. 10 each. This disclosure under SEBI's SAST Regulations was triggered because her stake crossed the 5% reporting threshold. The filing was submitted to BSE on 28 November 2025 from Mumbai.
This is a non-promoter acquisition via preferential allotment, indicating fresh equity infusion into the company at a specified price to a select investor. The acquirer's post-deal stake of 7.24% puts her near the next 10% SAST reporting threshold, so any further buying will require fresh disclosures. For existing shareholders, it means some dilution has occurred and a single non-promoter now holds a meaningful stake of over 7%.