The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jai Dev Gupta & PACs
Awaiting price reaction for this filing.
Jai Dev Gupta, along with PACs Anju Gupta, Puneet Gupta and Parul Gupta, has disclosed an acquisition of 12.73% stake (22,31,250 shares) in Omansh Enterprise Limited. The acquirer previously held nil shares in the company. The acquisition was made via preferential allotment, specifically through the conversion of compulsory convertible preference shares (CCPS) into equity shares of face value Rs. 2 each. The acquisition date is 10 June 2025. As a result of this conversion, the company's equity share capital expanded from Rs. 1.00 crore (50.28 lakh shares) to Rs. 3.50 crore (1.75 crore shares). Importantly, the filing clarifies that the acquirer does not belong to the promoter or promoter group of the company.
This is a significant 12.73% stake acquisition by a non-promoter group via preferential allotment, which may lead to changes in the shareholding pattern. Shareholders should watch for any further disclosures or potential open offer obligations under takeover regulations, and assess the long-term intent of the new stakeholders given the substantial equity infusion.