The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vipul Jayantilal Modi & PACs
RELIGARE · price
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Vipul Jayantilal Modi along with 11 persons acting in concert (PACs) disclosed an acquisition of 1,48,93,616 warrants (4.50% of share capital) in Religare Enterprises through a preferential allotment, dated 12 September 2025. These warrants are convertible into equity shares within 18 months. Combined holding (shares plus warrants) rose from 3,12,32,699 (9.44%) to 4,61,26,315 (13.95% of total capital, 11.69% on a diluted basis). The acquirers are explicitly classified as NOT belonging to the promoter or promoter group. The total diluted equity capital of the company stands at 39,45,84,445 shares post the allotment.
A non-promoter group has crossed the 10% disclosure threshold in Religare via preferential warrants, signaling a significant new stakeholder. Shareholders should note potential future equity dilution once warrants convert and watch for further disclosures or an open-offer trigger if conversions push holdings higher.