Genus Prime Infra: 3.22 Cr shares allotted via Scheme of Arrangement
Genus Prime Infra Ltd received a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Simple Agarwal and other acquirers. This relates to the allotment of 3,22,35,205 equity shares to them. The allotment occurred pursuant to a Scheme of Arrangement involving Genus Prime Infra Limited, Sansar Infrastructure Private Limited, Star Vanijya Private Limited, Sunima Trading Private Limited, Genus Power Infrastructures Limited, and Yajur Commodities Limited, which was approved by NCLT on April 24, 2025. The acquirers are exempted from making an open offer under Regulation 10(1)(d)(ii) of the SEBI Takeover Regulations. The filing includes detailed pre and post-transaction shareholding of various entities.
Key Highlights
- 3,22,35,205 equity shares of Genus Prime Infra allotted to various acquirers.
- Allotment resulted from an NCLT-approved Scheme of Arrangement dated April 24, 2025.
- Acquirers are exempt from making an open offer under SEBI Regulation 10(1)(d)(ii).
- Disclosure provides detailed pre and post-transaction shareholding for multiple entities.
Price Impact
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