Consortium Acquires Shares of Navigant Corporate Advisors Limited in Open Market Purchase
A group of investors, including Alacrity Securities Limited, Genz Investment Advisors Private Limited, Kruppa Mehta, Hiten R. Mehta, and Aikyata Advisory LLP, significantly increased their stake in Navigant Corporate Advisors Limited through an open market purchase. The acquisition was completed on June 16, 2026.The acquiring parties, who were not categorized as promoters or part of a promoter group, utilized the open market to acquire shares carrying voting rights in Navigant Corporate Advisors Limited. This transaction marks a substantial increase in their collective holding and stake in the company's structure.
Acquisition Details and Stake Increase
Prior to this acquisition, the acquiring consortium held 3,30,000 shares of Navigant Corporate Advisors Limited. The open market purchase resulted in the acquisition of an additional 2,60,000 shares carrying voting rights. This transaction represented 8.25% of the total diluted share/voting capital of the target company.Following the completion of the purchase, the combined holding of the acquiring consortium stood at 5,90,000 shares, which accounts for 18.71% of the total diluted share/voting capital. The mode of acquisition across all involved parties was recorded as an Open Market purchase.
Capital Structure Overview
The target company maintains a fixed equity share structure. Before and after the said acquisition, Navigant Corporate Advisors Limited has a total equity share capital standing at 31,52,750 Equity Shares of Face Value of Rs. 10/- Each.The key details of the acquisition and resulting holdings are summarized below:
| Metric | Before Acquisition | Post Acquisition |
|---|---|---|
| Holding in shares carrying voting rights | 3,30,000 (10.47%) | 5,90,000 (18.71%) |
| Shares acquired in Open Market purchase | N/A | 2,60,000 (8.25%) |
| Total Equity Share Capital of TC | 31,52,750 | 31,52,750 |
Stock Price Movement
Navigant Corporate Advisors Ltd shares settled at ₹72.92 on Wednesday, registering a loss of 4.99%. The stock remained completely locked throughout the session, trading flatly within its intraday high and low of ₹72.92.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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