BSESpan Divergent Ltd-$MediumNeutral
Announced Thu, 2 Apr · 10:01 IST

Non-promoter acquires 24.80% stake in Span Divergent via preferential allotment

Creeping Acquisition Near ThresholdOwnership Changes View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Non-promoter Mr. Neev Nirav Jogani has acquired 18,01,481 shares (24.80%) in Span Divergent Limited through a preferential allotment on 28th March 2026. Prior to this, he held no shares in the company. Post-acquisition, his total holding stands at 24.80% — just below the 25% open offer trigger threshold under SEBI takeover rules. The company's equity share capital expanded from 5.46 crore to 7.26 crore shares as a result of this allotment.

Likely market impact

Non-promoter acquiring nearly 25% signals strong strategic interest; holding sits just below the SEBI open offer trigger threshold.