The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for General Electric Pension Trust
TCC · price
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General Electric Pension Trust, a US-based pension fund, has acquired 31,67,687 equity shares (6.84% of paid-up capital) of TCC Concept Ltd through a preferential allotment via share swap on December 8, 2025. The shares were issued at INR 557.9445 each, and before this acquisition the trust held NIL shares in the company. As a result of this allotment, the company's equity share capital expanded from INR 35.67 crore (3.56 crore shares) to INR 46.28 crore (4.62 crore shares), a dilution of about 10.6% for existing shareholders. The acquirer is not part of the promoter/promoter group and has filed this disclosure under SEBI Takeover Regulations.
This brings a credible global institutional investor onto the shareholder list, which may boost market confidence and long-term valuation support. However, existing shareholders face dilution of around 10.6% since the shares were issued without cash inflow to the company.