The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for AI Maha Investment Fund PCC - ONYX Strategy
Awaiting price reaction for this filing.
Mauritius-based fund Al Maha Investment Fund PCC - ONYX Strategy has acquired 25,00,000 equity shares (12.69%) of Axentra Corp Ltd through a preferential allotment. The shares were allotted on 14 April 2026, and the acquisition took the fund from 0% to 12.69% in a single transaction. The allotment nearly doubled Axentra's equity share capital from Rs. 9.70 crore (97 lakh shares) to Rs. 19.70 crore (1.97 crore shares). The acquirer is not part of the promoter or promoter group, indicating external institutional money coming into the company. The fund will hold these shares on a non-promoter, non-pledged basis with full voting rights.
A 12.69% block coming in via preferential allotment at one go means significant dilution for existing shareholders and a new institutional investor now has a sizeable stake in the company. For the stock, this could be viewed positively as it signals external institutional confidence and fresh capital, but existing shareholders face equity dilution given the share count nearly doubled.