The Exchange has received the revised disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Fivex Capital VCC Fivex Emerging Star Fund
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Fivex Capital VCC - Fivex Emerging Star Fund, a Singapore-based Variable Capital Company, has disclosed acquisition of 42,000 shares (0.91%) of Shoora Designs Ltd through open market purchase. Prior to this acquisition, the fund held 2,08,500 shares (4.51%). After the acquisition, the total holding stands at 2,50,500 shares. The acquirer has confirmed it does not belong to the Promoter/Promoter group of Shoora Designs Ltd. The filing is under SEBI SAST Regulations which mandate disclosure when acquisition crosses certain thresholds.
The acquisition pushes Fivex Capital's holding above the 5% regulatory threshold, requiring market disclosure. This open market purchase by a non-promoter FII/foreign fund signals institutional interest in the stock. Shareholders should monitor for further accumulation near the 10% creeping acquisition trigger.