The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kamath Tehcnology LLP
Awaiting price reaction for this filing.
Kamath Technology LLP (a non-promoter entity) acquired 2,10,000 equity shares of Photon Capital Advisors Limited on May 5, 2026, representing 7.72% of the company's equity share capital. Before this acquisition, Kamath Tech held zero shares. After the transaction, their holding stands at 2,10,000 shares (7.72%). Additionally, they hold 2,25,000 warrants/convertible securities (4.46% of diluted capital), bringing their total economic exposure to 9.24% of diluted capital. The company's share capital increased from 15,13,694 to 27,20,694 shares, indicating a preferential allotment or similar corporate action expanded the equity base. The acquirer is NOT part of the promoter/promoter group.
A non-promoter entity accumulating a 9.24% diluted stake in Photon Capital Advisors suggests potential strategic interest. The acquisition is approaching the 10% threshold which triggers additional regulations under SAST, indicating possible continued accumulation.