The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Halcyon Trading Pvt Ltd
SUPREMEINF · price
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Supreme Infrastructure India Ltd informed the exchanges about a disclosure filed by Halcyon Trading Private Limited along with Kitara PIIN 1102 and Kitara PIIN 1103 (Persons Acting in Concert) under SEBI Takeover Regulations. The acquirers received 1,48,40,726 equity shares and 52,91,005 convertible warrants via preferential allotment on July 9, 2025, at an issue price of Rs. 86.94 per security. This takes their combined holding from nil to about 20.81% of the pre-issue share capital, or roughly 16.94% on a fully diluted basis. The acquirers have explicitly stated that they do not belong to the promoter or promoter group of the company. The preferential issue also significantly expands the company's equity base from about 2.57 crore shares to 9.67 crore shares.
This is a major preferential allotment that sharply dilutes existing shareholders and introduces a sizeable non-promoter shareholder at roughly 17% on a diluted basis, placing them close to the 25% open-offer trigger threshold. Shareholders should watch for any further acquisitions by this group, as additional purchases could trigger a mandatory open offer under takeover rules.