Neomile Increases Stake in Innovision Ltd Through Open Market Acquisition
Neomile Corporate Advisory Ltd and its associated funds have executed an Open Market acquisition of shares in Innovision Limited, significantly increasing its stake in the target company. The acquisition took place between April 20, 2026, and April 22, 2026.The acquirer, representing Neomile Corporate Advisory Ltd and associated Persons Acting in Concert (PACs), made the purchase of shares with the target company, Innovision Limited, which is listed on both the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Ltd (BSE).
During the transaction, the acquirer purchased 16,91,738 shares carrying voting rights. This purchase of shares represented 7.11% of the total share/voting capital of the target company. The total number of shares acquired was 16,91,738, which accounted for 7.11% when calculated against the total share/voting capital.
Shareholding Analysis
The acquisition resulted in a marked increase in the acquirer’s holding.Before the acquisition, the combined holding of Neomile Corporate Advisory Ltd, Kirtan Rupareliya, Neomile Growth Fund - Series I, and Neomile India Opportunity Fund stood at 20,88,956 shares, which represented 8.77% of the total share/voting capital.
After the acquisition, the combined holding of the acquirer increased to 37,80,694 shares. This final stake represents 15.88% of the total share/voting capital of Innovision Limited.
The total diluted share/voting capital of Innovision Limited remained stable at 2,38,13,294 after the acquisition. The details of the shareholding changes are summarized below:
| Metric | Before Acquisition Holding | Shares Acquired | After Acquisition Holding |
|---|---|---|---|
| Shares (Voting Rights) | 20,88,956 | 16,91,738 | 37,80,694 |
| Percentage of Total Share/Voting Capital | 8.77% | 7.11% | 15.88% |
The acquiring entities, including Neomile Growth Fund - Series I, Neomile India Opportunity Fund, Neomile Corporate Advisory Ltd, and Kirtan M Rupareliya, were noted as not belonging to a Promoter or Promoter group.
INNOVISION Stock Price Movement
As of 1:20 PM, shares of Innovision Limited are slipping by 4.53% in live trading, currently trading at ₹328.65. The stock has seen 142,525 shares traded so far today, indicating selling pressure in the live market.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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