Acquisitions26 Feb 2026, 04:30 pm
Bundella Fincap Acquires 8.98% Stake in Sharpline Broadcast via Preferential Allotment
AI Summary
Bundella Fincap Limited has acquired 8.98% stake in Sharpline Broadcast Limited through a preferential allotment of 25,71,428 equity shares. This is the first-time acquisition of shares in Sharpline Broadcast Limited by Bundella Fincap Limited, crossing the 5% threshold prescribed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Key Highlights
- Bundella Fincap Limited acquired 25,71,428 equity shares of Sharpline Broadcast Limited, constituting 8.98% of the paid-up equity share capital.
- This is the first-time acquisition of shares in Sharpline Broadcast Limited by Bundella Fincap Limited.
- The acquisition was made through a preferential allotment on 24th February 2026.
- Bundella Fincap Limited's shareholding now stands at 8.98% of the paid-up equity share capital of Sharpline Broadcast Limited.
- This acquisition crosses the 5% threshold prescribed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.