The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nilesh Jindal
Awaiting price reaction for this filing.
A non-promoter investor, Nilesh Jindal, has disclosed an 11.89% acquisition in Omansh Enterprises Ltd under SEBI Takeover Regulations. He received 20,83,875 equity shares on 10 June 2025 through a preferential allotment, triggered by the conversion of compulsory convertible preference shares (CCPS) into equity. Before this, he held no shares in the company. The company's total share capital has expanded substantially from about 50.28 lakh shares to 1.75 crore shares — roughly a 3.5x increase. This means the preferential allotment caused significant dilution for existing shareholders. The acquirer is not part of the promoter group and the shares allotted are fully paid-up equity shares with a face value of Rs. 2 each.
This is a major dilution event — existing shareholders' stake percentage has dropped sharply because the share base nearly tripled. A new non-promoter shareholder now holds nearly 12% of the company, which could influence board decisions and future strategy. Short-term share price may face pressure due to the heavy dilution.