Shareholding29 Apr 2026, 12:33 pm
Antara Fund Acquires 11.82% Stake in Gayatri Projects via Preferential Allotment
AI Summary
Antara India Evergreen Fund Ltd acquired 35,000,000 equity shares of Gayatri Projects Limited through a preferential allotment on April 23, 2026. This acquisition initially gave Antara an 11.82% stake in Gayatri Projects. However, due to a subsequent increase in Gayatri Projects' total share capital from 29,61,98,685 shares to 46,42,99,000 shares on April 22, 2026, Antara's holding was diluted to 7.54%. The disclosure was made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Antara India Evergreen Fund acquired 35 million shares of Gayatri Projects.
- The acquisition was made through a preferential allotment.
- Initial stake in Gayatri Projects was 11.82% post-allotment.
- Subsequent capital increase diluted Antara's stake to 7.54%.
- This is a substantial acquisition disclosure under SEBI regulations.
Price Impact
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