The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HSM Investments Ltd
WPIL · price
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Awaiting price reaction for this filing.
HSM Investments Limited has informed the stock exchange about acquiring 63,97,150 shares (6.55%) of WPIL Limited from V.N. Enterprises Limited. The transfer happened because V.N. Enterprises Limited has been amalgamated with HSM Investments Limited under a Scheme of Amalgamation sanctioned by the NCLT Kolkata Bench and approved by the Ministry of Corporate Affairs on November 15, 2025. Both companies belong to the same promoter group, so this is an internal restructuring rather than an open-market purchase. The acquirer is exempt from making an open offer under Regulation 10(1)(d)(ii) of SEBI Takeover Regulations. There is no change in the overall promoter group shareholding in WPIL — only the shares have moved from one promoter group entity to another.
This is a neutral event for public shareholders — it is an internal reshuffle within the promoter group with no change in total promoter shareholding (6.55%) and no open offer triggered. The stock price is unlikely to be affected materially.