StockWatch
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Paper & Paper Products
Acquisitions6 Apr 2026, 12:26 pm

VIKASA India EIF Acquires 1,40,00,000 Shares in KS Smart Technologies Ltd

AI Summary

VIKASA India EIF, a fund based in Mauritius, has acquired 1,40,00,000 shares in KS Smart Technologies Ltd (formerly known as Soma Papers and Industries Limited). The acquisition was made through the conversion of warrants allotted on preferential allotment. The warrants were converted at a 1:1 ratio, resulting in an increased holding of Rs. 164,07,00,000/- divided into 16,40,70,000 equity shares. The acquisition was made on 31st March 2026.

Key Highlights

  • VIKASA India EIF acquires 1,40,00,000 shares in KS Smart Technologies Ltd
  • Acquisition made through conversion of warrants allotted on preferential allotment
  • Warrants converted at a 1:1 ratio
  • Increase in holding to Rs. 164,07,00,000/- divided into 16,40,70,000 equity shares
  • Acquisition made on 31st March 2026