The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kiwi Dealcom Pvt Ltd
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Kiwi Dealcom Private Limited, a non-promoter entity, has disclosed the acquisition of 2,37,50,000 equity shares (via warrants convertible into equity) of Virtual Global Education Limited under a preferential allotment dated 30/01/2026. Each warrant is convertible into 1 equity share of Rs. 1 face value at Rs. 1 per warrant. After this acquisition, Kiwi Dealcom's holding stands at 4.37% of the company's paid-up equity share capital (4.19% on a diluted basis), up from 4.19% earlier (held entirely in warrants). The company's total equity share capital expanded from Rs. 44.74 crore to Rs. 54.24 crore as a result of this preferential issue, with a fully diluted capital of Rs. 56.62 crore.
This is a non-promoter investor increasing its stake via a preferential warrant issue, bringing it closer to the 5% SEBI disclosure threshold but not crossing it. For existing shareholders, the main effect is equity dilution from the preferential allotment; no promoter or controlling shareholder change is indicated.