Disclosure of Shareholding in terms of Regulation 29(1) of SEBI (SAST) Regulations, 2011
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Blue Ocean Strategic Advisors Private Limited, along with PACs Nisha Gupta and Northern Lights Ventures Private Limited, acquired 16,70,000 equity shares (18.74%) in Regal Entertainment & Consultants Limited through a Rights Issue on April 22, 2026. Prior to this acquisition, their combined holding was only 1.51% (1,34,386 shares). Post-acquisition, their total holding jumped to 20.24% (18,04,386 shares). The target company's share capital expanded from 30,72,100 to 89,09,090 equity shares as a result of the rights issue, effectively diluting all existing shareholders significantly. Blue Ocean, Nisha Gupta, and Northern Lights are NOT part of the promoter group of the target company.
A non-promoter entity (Blue Ocean + PACs) has accumulated a 20.24% stake through a rights issue, crossing the 20% threshold. This represents a significant strategic stake purchase and is likely to attract market attention, especially given the large capital expansion diluting other shareholders.