Lend Lease Company (India) Limited Acquires Stake in Nexome Capital Markets Limited
Lend Lease Company (India) Limited has acquired shares in Nexome Capital Markets Limited (formerly SMIFS Capital Markets Limited), according to a filing on March 26, 2026. The acquisition triggered a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.Lend Lease Company (India) Limited, along with persons acting in concert including Utsav Parekh, Nilangi Parekh, Stewart Investment and Financial Pvt Ltd, Progressive Star Finance Pvt Ltd, Saharsh Parekh, Samarth Parekh, and Vivaan and Keya Trust, is categorized as a promoter group.
Prior to the acquisition, the group held 14,50,988 shares, representing 16.46% of the total shares and 13.52% of the total diluted shares. The acquisition of 37,620 shares was made through open market transactions on March 24, 2026.
Following the acquisition, Lend Lease Company (India) Limited and its persons acting in concert now hold 14,88,608 shares, representing approximately 17.89% of the total shares and 13.87% of the total diluted shares.
Nexome Capital Markets Limited’s total equity share capital was Rs. 8,81,55,000, and its total diluted share/voting capital was Rs. 1,07,35,55,000, as of the date of the acquisition.
| Detail | Nexome Capital Markets Limited |
|---|---|
| Name of the Target Company (TC) | Nexome Capital Markets Limited (formerly SMIFS Capital Markets Limited) |
| Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer | Lend Lease Company (India) Limited, Utsav Parekh, Nilangi Parekh, Stewart Investment and Financial Pvt Ltd, Progressive Star Finance Pvt Ltd, Saharsh Parekh, Samarth Parekh, and Vivaan and Keya Trust |
| Whether the acquirer belongs to Promoter/Promoter group | Yes |
| Name(s) of the Stock Exchange(s) where the shares of TC | BSE Limited |
| Before the acquisition, holding of shares carrying voting rights | 14,50,988 |
| % w.r.t. total shares | 16.46 |
| % w.r.t. total diluted shares | 13.52 |
| Shares acquired | 37,620 |
| % w.r.t. total diluted shares | 0.43 |
| After the acquisition, holding of shares carrying voting rights | 14,88,608 |
| % w.r.t. total shares | 17.89 |
| % w.r.t. total diluted shares | 13.87 |
| Mode of acquisition | Open market |
| Date of acquisition | March 24, 2026 |
| Total equity share capital of the TC | Rs. 8,81,55,000 |
| Total diluted share/voting capital of the TC | Rs. 1,07,35,55,000 |
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