The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vijay Mittal & PACs
Awaiting price reaction for this filing.
Vijay Mittal, along with Persons Acting in Concert (Nidhi Garg and Ankit Garg), has acquired 17,00,000 shares in Omansh Enterprises Ltd, representing 9.70% of total share capital (9.43% on a diluted basis). The acquirer had no prior holding in the company and does not belong to the promoter or promoter group. The shares were acquired via preferential allotment through the conversion of compulsory convertible preference shares into equity shares of Rs. 2 each. The acquisition took place on 10 June 2025, resulting in the company's equity share capital expanding nearly 3.5 times — from about 50.28 lakh shares to 1.75 crore shares.
A non-promoter entity acquiring nearly 10% stake is significant and sits right below the 10% SAST open-offer trigger threshold. Shareholders should watch for any further acquisition by the same acquirer or PACs, as crossing 10% would trigger a mandatory open offer. Existing shareholders have also been substantially diluted due to the preferential allotment.