The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nimesh S Joshi
Awaiting price reaction for this filing.
Nimesh S Joshi, an insider of Axentra Corp Ltd, has disclosed an acquisition of 15,45,000 equity shares (22.07% of total share capital and 15.93% of diluted capital) in Dugar Housing Developments Limited under SEBI Takeover Regulations. The shares were acquired through a preferential allotment on June 12, 2025, taking his holding from nil to 22.07% in a single transaction. The acquirer has confirmed he does not belong to the promoter or promoter group of Dugar Housing Developments. Post-acquisition, Dugar Housing's equity capital expanded from Rs. 30 lakh to Rs. 7 crore, with diluted capital reaching Rs. 9.70 crore, indicating fresh capital infusion.
This is a significant strategic acquisition by an Axentra Corp insider in an unlisted entity, but it does not directly impact Axentra Corp Ltd's shareholding or operations. Retail investors in Axentra Corp should note the insider's external investment activity, though it has no immediate bearing on the listed company's fundamentals or stock price.