The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Malabar India Fund Ltd
RACLGEAR · price
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Malabar India Fund Ltd, a Mauritius-based foreign investor (FII), has disclosed the acquisition of 5,03,461 equity shares of RACL Geartech Ltd through a preferential allotment on May 21, 2025. Before this acquisition, Malabar held 1,88,324 shares (1.60%); after the allotment, its holding rose to 6,91,785 shares (5.87%). RACL Geartech's total equity share capital expanded from 1,07,81,600 to 1,17,88,080 shares as a result of this preferential issue. The acquirer is not part of the promoter or promoter group. This filing was triggered because Malabar's stake crossed the 5% disclosure threshold under SEBI takeover regulations.
Existing shareholders are slightly diluted due to the preferential issuance, but the company's capital base has grown with fresh equity infusion from a foreign institutional investor, which is generally viewed as a positive sign of institutional confidence.