NOVA Global Opportunities Fund PCC Acquires Equity Shares in Sobhagya Mercantile Limited
Nova Global Opportunities Fund PCC-Touchstone has acquired a significant stake in Sobhagya Mercantile Limited through the conversion of convertible warrants. The transaction, which took place on July 13, 2026, involved the preferential allotment of equity shares to the acquirer.The acquisition resulted in the issuance of 6,50,500 equity shares, each carrying a face value of Rs. 10/-. These shares were allotted at a premium of Rs. 664.49/- per share. The transaction is structured as a preferential allotment following the conversion of convertible warrants held by Nova Global Opportunities Fund PCC-Touchstone.
The acquisition significantly impacts the share capital structure of Sobhagya Mercantile Limited. Before the transaction, the company had an equity share capital of Rs. 9,74,85,000/-, representing 9,74,850 equity shares. Following the allotment, the equity share capital increased to Rs. 10,39,90,000/-, with a total diluted share capital now standing at Rs. 11,04,95,000/-.
The holding details of Nova Global Opportunities Fund PCC-Touchstone are as follows:
| Description | Before Acquisition Holding | After Acquisition Holding |
|---|---|---|
| Shares carrying voting rights | 6,50,500 (Warrants/Convertible) | 6,50,500 |
| % of total share/voting capital | N.A. | 6.26% |
| % of total Diluted share/voting capital | 5.89% | 5.89% |
The entity involved in the acquisition does not belong to the promoter group of Sobhagya Mercantile Limited. The shares of the company are listed on BSE Limited.
Stock Price Movement
As of 11:05, Sobhagya Mercantile Ltd shares are slipping to ₹886.55, down 0.50%. The stock is currently trading completely flat as it remains locked at the ₹886.55 level for the day.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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