Shareholding16 Jun 2026, 03:18 pm
Surplus Finvest Acquires 31.18 Lakh Shares in Future Market Networks
AI Summary
Surplus Finvest Private Limited, a promoter of Future Market Networks Limited, has disclosed the acquisition of 31,18,574 equity shares through the conversion of warrants. This transaction, dated June 13, 2026, increases their holding. The acquisition was made via conversion of warrants, with the remaining consideration to be paid and conversion rights valid for 18 months. Post-acquisition, the total diluted share capital is estimated at 90,044,381 shares.
Key Highlights
- Surplus Finvest, a promoter, acquired 31,18,574 shares via warrant conversion.
- Acquisition date is June 13, 2026, with intimation on June 16, 2026.
- Warrants are convertible within 18 months upon payment of balance consideration.
- Post-acquisition diluted share capital stands at 90,044,381 shares.
- This is a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Price Impact
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