Acquisitions27 Mar 2026, 01:24 pm
Lend Lease Company (India) Limited Acquires 16.46% Stake in Nexome Capital Markets Limited Through Rights Issue
AI Summary
Lend Lease Company (India) Limited has acquired 16.46% stake in Nexome Capital Markets Limited (formerly SMIFS Capital Markets Limited) through the subscription of rights issue including additional shares. This acquisition represents 11.54% of the total share/voting capital in Nexome Capital Markets Limited. The transaction was exempted from making an open offer under Regulation 10(4)(a) and (b) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Key Highlights
- Lend Lease Company (India) Limited acquires 16.46% stake in Nexome Capital Markets Limited
- Acquisition made through the subscription of rights issue including additional shares
- Represents 11.54% of the total share/voting capital in Nexome Capital Markets Limited
- Exempted from making an open offer under Regulation 10(4)(a) and (b) of SEBI regulations
- Transaction worth 11,61,988 Equity Shares