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 has acquired 25,22,441 equity shares (5.31% of paid-up capital) of TCC Concept Ltd on December 8, 2025, through a preferential allotment by way of share swap (consideration other than cash). The shares were issued at INR 557.9445 per share (face value INR 10), taking the company's equity share capital from INR 35.67 crore to INR 46.28 crore. Before this acquisition, Norwest held no shares in the company, and it does not belong to the promoter or promoter group. The disclosure was filed under SEBI SAST Regulation 29(1), triggered by the acquisition crossing the 5% disclosure threshold.
This is a fresh institutional entry into TCC Concept via a share swap, slightly above the 5% disclosure threshold, which may signal investor confidence in the company. Shareholders should note potential dilution from the preferential issue and watch for further stake movements by Norwest, as holdings between 5-10% are considered creeping acquisition territory.