Shareholding6 Oct 2026, 10:32 am
North Star Fund Acquires 8.94% Stake in Sancode Technologies
AI Summary
North Star Opportunities Fund VCC has acquired a 8.94% stake in Sancode Technologies Limited through the conversion of warrants into equity shares via a preferential issue. This transaction, valued at 6,66,667 equity shares, was conducted through the Foreign Direct Investment (FDI) route. Following the acquisition, the fund's holding in Sancode Technologies increased to 8.94% of the total share capital and 8.88% of the total diluted share capital. The total equity shares of Sancode Technologies post-acquisition stand at 74,55,560, with a diluted share capital of 75,05,560.
Key Highlights
- North Star Fund acquired 8.94% stake in Sancode Technologies.
- Acquisition was via conversion of warrants into equity shares.
- Transaction was completed through Preferential Issue.
- Investment made via Foreign Direct Investment (FDI) route.
- Fund's diluted shareholding is 8.88% post-acquisition.
Price Impact
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