Acquisitions5 Mar 2026, 09:54 am
Phoenix Asset Management Acquires 3.64% Stake in Ventura Guaranty Ltd Post-Merger
AI Summary
Phoenix Asset Management Pvt Ltd has acquired 1,40,364 equity shares of Ventura Guaranty Limited, representing 3.64% of the post-merger paid-up share capital carrying voting rights. This acquisition is pursuant to the Order dated November 17, 2025 of the Hon’ble National Company Law Tribunal (NCLT) sanctioning the Scheme of Merger by Absorption of Kashmira Investment and Leasing Private Limited with Ventura Guaranty Limited. The allotment was made on January 5, 2026, and the shares were credited on March 3, 2026.
Key Highlights
- Phoenix Asset Management Pvt Ltd acquires 3.64% stake in Ventura Guaranty Limited post-merger.
- Acquisition is pursuant to the NCLT's Order dated November 17, 2025, sanctioning the Scheme of Merger by Absorption of Kashmira Investment and Leasing Private Limited with Ventura Guaranty Limited.
- 1,40,364 equity shares allotted to Phoenix Asset Management Pvt Ltd on January 5, 2026.
- Shares credited on March 3, 2026.
- This acquisition increases Phoenix Asset Management Pvt Ltd's holding to 8.20% from the pre-acquisition level of 5.49%.
Price Impact
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