Neomile Asset Managers Acquires Significant Stake in Innovision Ltd.
Mumbai – Neomile Asset Managers Private Limited has disclosed the acquisition of 20,88,956 shares in Innovision Ltd., representing an 8.77% stake in the company. The disclosure, made in compliance with SEBI's Substantial Acquisition of Shares and Takeover Regulations, 2011, was submitted to the National Stock Exchange of India Limited (NSE) and the Bombay Stock Exchange Ltd (BSE).The acquisition, carried out through a combination of public issue and open market transactions on March 23, 2026, brings Neomile Asset Managers’ total holding to 20,88,956 shares. Prior to the acquisition, the acquirer and its persons acting in concert (PACs) held no shares in Innovision Ltd. The PACs include Neomile Growth Fund - Series I, Neomile India Opportunity Fund, Neomile Corporate Advisory Ltd, and Kirtan Rupareliya.
Innovision Ltd. has an equity share capital/total voting capital of 2,38,13,294. The total diluted share/voting capital of the company remains at 2,38,13,294 following the acquisition.
Neomile Asset Managers confirmed that it and its PACs do not belong to the promoter or promoter group of Innovision Ltd. The acquisition was made through public issue and open market.
| Name of the Target Company (TC) | INNOVISION LIMITED |
|---|---|
| Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer | Neomile Growth Fund - Series I, Neomile India Opportunity Fund, Neomile Corporate Advisory Ltd, Kirtan Rupareliya |
| Whether the acquirer belongs to Promoter/Promoter group | No |
| Shares carrying voting rights acquired/sold | 20,88,956 |
| % w.r.t. total diluted share/voting capital of the TC (**) | 8.77 |
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