Aegis Investment Fund PCC Acquires Shares in Modis Navnirman Ltd, Boosting Stake to 8.42%
Aegis Investment Fund PCC has acquired shares in Modis Navnirman Ltd through an open market transaction, increasing its stake in the company.The acquisition was completed on June 3, 2026. The Aegis Investment Fund PCC holds a non-promoter status concerning the target company, which is listed on the NSE and BSE Limited.
Details of the shareholding before and after the acquisition are as follows:
| Metric | Before Acquisition | Acquired Amount | After Acquisition |
|---|---|---|---|
| Shares Held (Acquirer) | 1,192,348 | 457,142 | 1,649,490 |
| Percentage of Diluted Share Capital | 6.09% | 2.33% | 8.42% |
The acquisition transaction was executed through the open market. The shares acquired by Aegis Investment Fund PCC contributed to a substantial increase in its holding percentage within Modis Navnirman Ltd.
Prior to the transaction, the Aegis Investment Fund PCC held 1,192,348 shares, representing 6.09% of the total diluted share/voting capital of Modis Navnirman Ltd. Following the open market acquisition of 457,142 shares, the fund's holding increased to a total of 1,649,490 shares, accounting for 8.42% of the company’s voting capital.
MODIS Stock Price Movement
Shares of Modis Navnirman Limited are climbing to ₹343.80 as of 3:15 PM today, driven by a strong performance that has pushed the stock up 2.5%. The equity saw significant trading activity in the live market, with 703,482 shares recorded in turnover.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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