NIMBSPROJBSENimbus Projects LtdHighNeutral
Announced Mon, 19 May · 14:02 IST

The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anamica Financial Services Pvt Ltd & Others

Listed Co AcquisitionNclt Scheme FiledStrategic Transactions View source PDF

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AI summary

Nimbus Projects Ltd has completed a Scheme of Amalgamation with nine transferor companies: Gupta Fincaps, Urvashi Finvest, Intellectual Securities, Happy Graphics and Exhibition, Link Vanijya, Dynamo Infracon, Pushpak Trading & Consultancy, Lto Vyapaar, and Padma Estates. The NCLT New Delhi Bench (Jan 28, 2025) and Kolkata Bench (April 9, 2025) approved the scheme. On May 16, 2025, Nimbus Projects allotted equity shares to the transferor companies' shareholders as consideration. As a result, the combined shareholding of the Acquirers and Persons Acting in Concert (PAC) increased from 52.92% to 70.50% of the diluted share capital. Although the takeover threshold under Regulation 3(2) was technically triggered, the acquisition qualifies for exemption under Regulation 10(1)(d)(ii) since it arises from an NCLT-approved scheme, so no open offer is required.

Likely market impact

This is a procedural disclosure confirming the legal completion of the NCLT-approved amalgamation rather than a fresh market purchase. Existing shareholders of Nimbus Projects face dilution from the new share issuance, but no open offer obligation arises due to the regulatory exemption. The transaction consolidates promoter-group entities into the listed company.