Shareholding17 Jul 2026, 11:04 am
Nova Global Fund Acquires 6.26% Stake in Sobhagya Mercantile
AI Summary
Nova Global Opportunities Fund PCC-Touchstone has acquired a 6.26% stake in Sobhagya Mercantile Limited through a preferential allotment of equity shares upon conversion of convertible warrants. The acquisition, dated July 13th, 2026, resulted in the fund holding 6,50,500 shares, representing 5.89% of the total diluted share capital. This transaction was executed on a preferential allotment basis, converting convertible warrants into equity shares. The total equity share capital of Sobhagya Mercantile Limited increased post-acquisition.
Key Highlights
- Nova Global Fund acquired 6.26% stake in Sobhagya Mercantile.
- Acquisition was via preferential allotment of equity shares.
- Conversion of convertible warrants led to the stake increase.
- Fund now holds 5.89% of diluted share capital.
- Transaction occurred on July 13th, 2026.
Price Impact
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