Malabar India Fund lifts Virtuoso Optoelectronics stake to 9.98%

Creeping Acquisition Near ThresholdOwnership Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close

—1-day move

₹483.00

prior close

₹494.80

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-1.4—-0.6———————————

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AI summary

Foreign investor Malabar India Fund Limited acquired 7,32,600 equity shares of Virtuoso Optoelectronics Limited via conversion of warrants. Its stake rose from 7.36% to 9.98%, a 2.62% increase. The acquirer is not a promoter. Total equity capital of the company increased from 3,18,33,079 to 3,25,65,679 shares of Rs 10 each.

Likely market impact

FII stake at 9.98% is just below the 10% takeover trigger; any further purchase may require an open offer to shareholders.