CRAFT EMERGINGMARKETFUND Entities Acquire 9.94% Stake in Shoora Designs Ltd through Allotment
The CRAFT EMERGINGMARKETFUND entities have completed an acquisition of shares in SHOORA DESIGNED LIMITED, securing a stake equivalent to 9.94% of the company's diluted share capital. The transaction was finalized via allotment and recorded in March 2025.The acquisitions involved two funds: CRAFT EMERGINGMARKETFUND PCC - CITADEL CAPITAL FUND and CRAFT EMERGINGMARKETFUND PCC - ELITE CAPITAL FUND. These entities hold no promoter status regarding SHOORA DESIGNED LIMITED, which is listed on the BSE.
Transaction Details
Prior to the acquisition, both acquiring entities held zero shares carrying voting rights in SHOORA DESIGNED LIMITED. The transaction consisted of the purchase and subsequent holding of 460,000 shares carrying voting rights, representing 9.94% of the total diluted share/voting capital of the company. The mode of acquisition was allotment.
The key details regarding the acquisition are presented below:
| Detail | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Carrying Voting Rights (Acquired) | NIL | 460,000 |
| Percentage Holding | NIL | 9.94% |
| Mode of Acquisition | N/A | ALLOTMENT |
The post-acquisition holding of the acquiring entities stands at 460,000 shares carrying voting rights, maintaining a 9.94% stake in SHOORA DESIGNED LIMITED.
Capital Structure Update
Financial metrics pertaining to the target company before and after the share acquisition are as follows:
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Equity Share Capital | 460,000 | 460,000 |
| Total Voting Capital | 4,623,662 | 4,623,662 |
| Diluted Share/Voting Capital | N/A | 4,623,662 |
Stock Price Movement
Shoora Designs Ltd settled at ₹70.41 on Friday, edging higher by 2.00% from the previous close. The shares were completely flat throughout the trading session, with both the high and low recorded identically at ₹70.41.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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