Acquisitions26 Feb 2026, 04:18 pm
JMD Realtors Private Limited Acquires 12.47% Stake in Sharpline Broadcast Ltd Through Preferential Allotment
AI Summary
JMD Realtors Private Limited has acquired 12.47% stake in Sharpline Broadcast Ltd through a preferential allotment of 35,71,428 equity shares. This is the first-time acquisition of shares in Sharpline Broadcast Ltd by JMD Realtors Private Limited, crossing the 5% threshold prescribed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Key Highlights
- JMD Realtors Private Limited has acquired 12.47% stake in Sharpline Broadcast Ltd.
- The acquisition was made through a preferential allotment of 35,71,428 equity shares.
- This is the first-time acquisition of shares in Sharpline Broadcast Ltd by JMD Realtors Private Limited.
- The acquisition crosses the 5% threshold prescribed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- The transaction is valued at approximately INR 28,63,49,160.