The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Polus Global Fund
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Polus Global Fund, a Mauritius-based non-promoter entity, has acquired 993,325 equity shares of Rajvi Logitrade Ltd through a preferential allotment, dated August 29, 2025. This is the acquirer's first stake in the company — it held 0 shares before this transaction. Post-acquisition, Polus Global Fund holds 24.38% of the company's total voting share capital. The acquisition was made under a preferential allotment, which also expanded Rajvi Logitrade's total equity share capital from 10 lakh shares (INR 1 crore) to about 40.74 lakh shares (INR 4.07 crore). The disclosure was filed with BSE on September 4, 2025, under Regulation 29(1) of SEBI's SAST Regulations.
A foreign (Mauritius) fund now holds nearly a quarter of the company, sitting just below the 25% open-offer trigger threshold, which is a meaningful development for retail shareholders. The preferential issue has significantly diluted existing shareholders and injected fresh capital into the small-cap company.