The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nova Global Opportunities Fund
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Nova Global Opportunities Fund PCC - Touchstone, a Mauritius-based non-promoter entity, has been allotted 6,50,500 convertible warrants of Sobhagya Mercantile Ltd through a preferential allotment on June 3, 2026. Each warrant has a face value of Rs. 10 with a premium of Rs. 664.49. Prior to this acquisition, the fund held Nil shares; post-allotment, its holding represents 5.89% of the company's diluted share/voting capital. The total diluted share capital of the company after this allotment stands at Rs. 11.05 crore (1,10,49,500 equity shares of Rs. 10 each), while the current equity share capital remains at Rs. 9.75 crore (97,48,500 shares). The mode of acquisition is preferential allotment, and the disclosure is filed under Regulation 29(1) of SEBI Takeover Regulations, 2011.
A foreign institutional investor taking a 5.89% stake via warrants signals fresh foreign interest in the company and could bring incremental liquidity and visibility to the stock. Since these are convertible warrants, actual equity dilution will occur only upon conversion, keeping immediate EPS impact limited.