The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Phoenix Asset Management Pvt Ltd

Phoenix Asset Management Pvt Ltd received an allotment of 1,40,364 equity shares of Ventura Guaranty Ltd, representing 3.64% of the post-merger paid-up share capital. This allotment was made under an NCLT-approved scheme of merger by absorption of Kashmira Investment and Leasing Pvt Ltd into Ventura Guaranty Ltd, with shares issued at a swap ratio of 84 VGL shares for every 100 KILPL shares. As a result, Phoenix Asset Management's holding in Ventura Guaranty increased from 1,75,500 shares (5.49%) to 3,15,864 shares (8.20%) of the post-merger capital. Phoenix is not part of the promoter/promoter group of the company. Ventura Guaranty's total share capital increased from ₹3.19 crore to ₹3.85 crore due to the merger.