The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ayodhya Vincom Pvt Ltd
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Ayodhya Vincom Private Limited, a non-promoter entity, has filed a disclosure under Regulation 29(1) of the SEBI Takeover Regulations for acquiring 2,37,50,000 equity shares of Virtual Global Education Ltd through conversion of warrants that were allotted on a preferential basis on 30/01/2026. After this acquisition, Ayodhya Vincom holds 4.37% of the company's paid-up equity share capital (up marginally from the earlier 4.19% warrant holding). The total share capital of Virtual Global Education expanded from Rs. 44.74 crore to Rs. 54.24 crore as a result of this preferential allotment, with the fully diluted share capital standing at Rs. 56.61 crore. The acquirer has confirmed it does not belong to the promoter or promoter group of the company.
Existing shareholders face equity dilution of roughly 21% as the share base expanded due to warrant conversion. Since Ayodhya Vincom is classified as a non-promoter, this does not change promoter control but introduces a new 4.37% institutional/entity holder, which could be mildly positive for liquidity perception.