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.
Nilesh Jindal, who is not part of the promoter group, has acquired 20,83,875 equity shares of Omansh Enterprises Ltd, representing 11.89% of the total share/voting capital (11.56% on a diluted basis). The acquisition was made via preferential allotment through the conversion of compulsory convertible preference shares (CCPS) into equity shares of Rs. 2 face value on June 10, 2025. Before this acquisition, Jindal held no shares in the company, so his entire 11.89% stake is new. As a result of this CCPS conversion, the company's equity share capital expanded sharply from Rs. 1.00 crore (50.28 lakh shares) to Rs. 3.50 crore (1.75 crore shares), indicating a significant capital structure change. The stock is listed on the BSE.
This is a disclosure by a non-promoter acquirer crossing the 5% ownership threshold, which may dilute existing shareholders' proportional ownership due to the sharp expansion in share capital. Investors should monitor further filings to see if Jindal plans to acquire more shares, which could trigger an open offer obligation under takeover rules.