Disclosure under Regulation 30 pertaining to proposed acquisition
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Vibrant Global Capital's board has approved acquiring a 65% equity stake in The Private Reserrve Capital Pvt. Ltd. for approximately Rs 6 crore (Rs 5,99,81,423). The deal involves subscribing to 1,85,701 equity shares at Rs 323 each (face value Rs 10). The target company is newly incorporated (April 2026) and will operate in wealth management, covering Portfolio Management Services (PMS), Category III Alternative Investment Funds (AIFs), and wealth advisory. The acquisition is expected to be completed on or before June 30, 2026, after which the target will become a subsidiary. SEBI approvals will be required for the target's operations. The transaction is not a related party transaction.
This is a small-ticket acquisition (about Rs 6 crore) into a newly formed, not-yet-operating entity in the wealth management space. For shareholders, it signals diversification into financial services but the target has no revenue track record yet, so the near-term earnings impact is likely minimal.