Shareholding14 Oct 2026, 05:20 pm
Embassy Developments: Bellanza Developers Acquires 1.38 Cr Shares
AI Summary
Embassy Developments Ltd has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Bellanza Developers Pvt Ltd and Persons Acting in Concert (PACs) have acquired 1,38,25,067 Equity Shares and 3,25,18,900 Warrants. This acquisition represents a transaction of 0.9942% of the total share capital. The acquisition involved the conversion of warrants into equity shares and open market purchases. Following the transaction, the total holding of Bellanza Developers and PACs in Embassy Developments stands at 59,34,77,623 Equity Shares and 3,25,18,900 Warrants, representing 42.6768% of the total share capital.
Key Highlights
- Bellanza Developers and PACs acquired 1,38,25,067 Equity Shares.
- Acquisition includes 3,25,18,900 Warrants convertible to equity.
- Transaction represents a 0.9942% increase in shareholding.
- Total holding post-acquisition is 42.6768% of total capital.
- Acquisition involved warrant conversion and open market purchase.
Price Impact
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