The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sai Manas Rama Mohana Rao Bandlamudi & PACs
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Sai Manas Rama Mohana Rao Bandlamudi, an immediate relative of Director Mr. Rama Mohana Rao Bandlamudi, has disclosed the acquisition of 76,000 equity shares in Vega Jewellers Ltd through the conversion of convertible warrants via preferential allotment on 26 April 2025. The acquirer belongs to the non-promoter group, with the Director listed as a Person Acting in Concert (PAC). Post-acquisition, the acquirer's total holding stands at 76,000 shares (0.80% of share capital, 0.78% of diluted voting capital). As a result of this preferential allotment, the company's equity share capital nearly doubled from Rs. 4.77 crore (47.70 lakh shares) to Rs. 9.48 crore (94.77 lakh shares), with diluted capital at Rs. 9.70 crore.
This is a routine regulatory disclosure for a small stake (under 1%) acquired by a non-promoter via warrant conversion. The preferential allotment itself is the more meaningful event as it nearly doubled the company's share capital, which could lead to EPS dilution for existing shareholders.