The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Craft Emerging Market Fund PCC - Citadel Capital ....
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Craft Emerging Market Fund PCC — Citadel Capital Fund, along with Elite Capital Fund (acting as Persons Acting in Concert), has acquired 460,000 shares representing 9.94% of the paid-up capital of Shoora Designs Ltd through allotment in March 2025. Prior to this acquisition, the fund held NIL shares in the company, making this a fresh entry. The acquirer is registered in Mauritius (PAN-based KYC confirms FII status) and is NOT part of the promoter/promoter group. The total equity share capital of the company stands at 46,23,662 shares. Post-acquisition, the fund's combined holding with its PAC stands at 460,000 shares (9.94%).
A new foreign institutional investor has taken a sizeable stake just shy of the 10% SEBI disclosure trigger. Any further purchase — even small — will attract creeping acquisition norms (2% per financial year beyond 10%) and mandatory open-offer obligations at 25%, making the stock sensitive to incremental disclosures from this investor.