Acquisitions8 Oct 2026, 09:18 am
Skybridge Interactive LLP Acquires 62.28% Stake in Baba Arts Ltd
AI Summary
Skybridge Interactive LLP has acquired 3,27,00,000 equity shares, representing 62.28% of the total share capital, in Baba Arts Limited through a Share Purchase Agreement. This substantial acquisition, effective October 7, 2026, brings Skybridge Interactive LLP's total holding to 3,27,00,602 shares, or 62.29% of the company. The acquisition was conducted in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The shares acquired are fully paid-up equity shares with a face value of ₹1 each.
Key Highlights
- Skybridge Interactive LLP acquired 3.27 crore shares in Baba Arts Ltd.
- The acquisition represents a 62.28% stake in the company.
- Post-acquisition, Skybridge holds 62.29% of Baba Arts.
- The transaction was executed via a Share Purchase Agreement.
- Acquisition complies with SEBI Takeover Regulations.
Price Impact
More from BABA