Shareholding25 Aug 2026, 03:02 pm
Spring Trade Mercantile Acquires 4.88% Stake in New Markets Avenue
AI Summary
Spring Trade Mercantile Private Limited has acquired a 4.88% stake in New Markets Avenue Limited (formerly New Markets Advisory Limited) through a preferential allotment. The acquisition involved 5,00,000 shares, bringing Spring Trade Mercantile's total holding to 5,00,000 shares, representing 4.88% of the total share capital. The transaction occurred on August 13, 2026. This disclosure is made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Spring Trade Mercantile acquired 5,00,000 shares of New Markets Avenue.
- The acquisition represents a 4.88% stake in the company.
- The transaction was executed via preferential allotment.
- Disclosure made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
- Acquisition date was August 13, 2026.
Price Impact
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