The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tarang Nathabhai Gajera & PACs
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Tarang Nathabhai Gajera along with 12 Persons Acting in Concert (PACs) has disclosed acquisition of convertible equity warrants of Trident Lifeline Limited under a preferential offer dated June 9, 2025. The promoter group collectively held 27,02,150 shares (23.50% of paid-up capital) before this acquisition. A total of 5,93,400 warrants were acquired across the group, with the largest allocations going to Hardik Desai Family Trust (1,89,000), Amit Bhupendra Halvawala (1,39,800), and Maniya H Desai (99,000). Each warrant is convertible into one equity share of ₹10 face value, meaning the promoter group's effective stake will increase once these warrants are exercised.
This signals continued promoter confidence and commitment to the company, but warrants upon conversion will dilute existing non-promoter shareholders. Investors should track future disclosures for conversion of these warrants and any further increase in promoter holding.