The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Legends Global Opportunities Singapore Pte Ltd
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On the reaction day the stock moved 3.3 pts more than Nifty Microcap 250 and 2.4 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Singapore-based Legends Global Opportunities Pte. Ltd. has been allotted 6,50,500 convertible warrants of Sobhagya Mercantile Ltd on a preferential basis at a premium of Rs. 664.49 per warrant (face value Rs. 10) on March 11, 2026. The acquirer is not part of the promoter group and held no shares/warrants in the company before this allotment. Post-allotment, the entity holds 6.67% of the diluted share/voting capital of the company. The company's total equity share capital rose from Rs. 8.4 crore (84 lakh shares) to Rs. 8.7 crore (87 lakh shares), with fully diluted capital at Rs. 9.7485 crore (97.485 lakh shares) after assuming warrant conversion.
A foreign non-promoter entity is taking a meaningful 6.67% stake (on a fully diluted basis) via warrants, which could be seen as a vote of confidence from an overseas investor. Shareholders should note potential equity dilution if these warrants are later converted, and monitor for any further stake-building by this acquirer.