Quarterly Updates5 Mar 2026, 09:57 am
Vertexiq Pte. Ltd.'s Shareholding in Hypersoft Technologies Limited Diluted to 1.18%
AI Summary
Vertexiq Pte. Ltd. has disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 that their shareholding in Hypersoft Technologies Limited has been diluted from 6.15% to 1.18% due to a fresh issue of equity shares on a preferential basis to other allottees. The total equity shares of Hypersoft Technologies Limited held by Vertexiq Pte. Ltd. before the acquisition under consideration were 10,00,000, which have been reduced to 1,18,000 after the acquisition. This dilution has been caused by the preferential allotment of 6,82,00,000 equity shares by the Target Company to other allottees.
Key Highlights
- Vertexiq Pte. Ltd.'s shareholding in Hypersoft Technologies Limited has been diluted from 6.15% to 1.18%.
- This dilution is due to a fresh issue of equity shares on a preferential basis to other allottees.
- Before the acquisition under consideration, Vertexiq Pte. Ltd. held 10,00,000 equity shares of Hypersoft Technologies Limited.
- After the acquisition, Vertexiq Pte. Ltd. now holds 1,18,000 equity shares of Hypersoft Technologies Limited.
- The dilution has been caused by the preferential allotment of 6,82,00,000 equity shares by the Target Company to other allottees.