The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bhavishya Ecommerce Pvt Ltd & PACs
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Bhavishya Ecommerce Private Limited, along with Persons Acting in Concert (Nilesh Devendraprasad Dave, Jigna Jigarkumar Shah, Preeti Zain, and Goutam Choraria), has acquired 43,22,580 equity shares of Panth Infinity Ltd through a preferential allotment. The shares were issued by converting an outstanding unsecured loan into equity. After the allotment, the acquirer's holding stands at 7.84% of the total share capital. Panth Infinity's total equity share capital expanded from 2,49,72,228 shares (Rs. 24.97 crore) to 5,51,58,758 shares (Rs. 55.16 crore), more than doubling the share base. The acquirer has explicitly stated they do not belong to the promoter or promoter group of the company. The allotment was completed on March 17, 2026.
The preferential allotment has significantly diluted existing shareholders, with the total share count more than doubling. A non-promoter entity now holds 7.84%, sitting just below the 10% SAST trigger threshold — any further acquisition could attract additional disclosure obligations.