The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vishal Bhupendra Halvawala & PACs
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vishal Bhupendra Halvawala along with 12 PACs (including promoter group entities and individuals) have disclosed the acquisition of convertible equity warrants of Trident Lifeline Ltd under a preferential offer. The acquisition took place on June 9, 2025, at ₹10 per warrant. The promoter and PAC group's current shareholding stands at 23.50% (27,02,150 shares), which remains unchanged immediately as the instrument acquired is warrants, not equity shares. The total diluted share capital post-acquisition stands at approximately 12.49 crore shares, indicating a sizeable expansion of the capital base through this preferential issue.
This signals promoter confidence and a fresh infusion route for the company via a preferential warrant issue. For shareholders, this means potential dilution when warrants are exercised, though it also brings in capital and shows promoter commitment to the business.