The Exchange has received the disclosure under Regulation 18(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Onix Renewable Ltd
Awaiting price reaction for this filing.
Onix Renewable Limited has filed a disclosure under SEBI's Takeover Regulations regarding the acquisition of 1,85,13,885 shares (about 1.85 crore) of Onix Solar Energy Limited through a preferential allotment on October 13, 2025. The consideration was non-cash (other than cash). This has pushed Onix Renewable's holding in Onix Solar from 14.29% (before) to 91.72% (after) — a massive jump of over 77 percentage points. The disclosure is filed under Regulation 18(6), which applies when an acquirer picks up shares during the open offer period. The acquirer was already named in the public announcement.
The acquirer has crossed the 75% threshold, which may trigger delisting obligations or squeeze-out provisions. Existing minority shareholders should watch for details of the open offer price and any follow-up corporate actions, as their stake is now significantly diluted to under 9% of the company.