The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Norwest Venture Partners VII A Mauritius
TCC · price
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Norwest Venture Partners VII-A-Mauritius, a foreign investment entity not part of the promoter group, has acquired 25,22,441 equity shares (5.45%) of TCC Concept Ltd through a preferential share swap allotment on 8 December 2025. Before this acquisition, the entity held NIL shares in the company, so this is a fresh entry triggering disclosure under SEBI Takeover Regulations. The shares were allotted at INR 557.9445 per share (face value INR 10), implying a deal value of roughly INR 140.7 crore on a swap basis. TCC Concept's total share capital expanded from INR 35.67 crore to INR 46.28 crore as a result of this preferential issuance.
The stock now has a marquee global venture capital investor on its cap table, which is generally viewed positively by retail investors as a validation of the company's prospects. The 5.45% non-promoter holding introduces the possibility of further stake increases by this acquirer in the future, and investors should watch for any follow-on disclosures.