The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Loka Properties Pvt Ltd
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Loka Properties Pvt Ltd, part of the promoter group of RDB Infrastructure And Power Ltd, converted 94,50,000 warrants into equity shares on 27th May 2026, acquiring an additional 4.22% stake in the company. With this conversion, Loka Properties' total holding rose from 1.80% (37,71,000 shares) to 5.91% (1,32,21,000 shares) of the total share capital. The warrants were originally issued on a preferential allotment basis, with each warrant convertible into one equity share of Re.1 face value within 18 months. Post-allotment, RDB Infrastructure's total equity share capital increased to Rs. 22.36 crore, comprising 22,36,59,000 shares.
This signals continued promoter confidence and strengthening of promoter control in RDB Infrastructure. The increase in promoter holding through warrant conversion is generally viewed positively by retail investors as it indicates the promoter group's commitment to the company, though it also results in equity dilution for existing shareholders.