Briny Digitalize Private Limited has announced the allotment of 1,62,00,000 equity shares in 7NR Retail Limited. This acquisition, valued at an unspecified amount but conducted on a preferential basis and considered a share swap, represents 14.41% of the total share capital of 7NR Retail. This substantial stake acquisition is in compliance with the SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011.
Significant Equity Acquisition Announced
Briny Digitalize Private Limited has disclosed the acquisition of a substantial stake in 7NR Retail Limited. The company has been allotted 1,62,00,000 equity shares, which constitutes 14.41% of the total equity share capital of 7NR Retail Limited. This transaction was executed on a preferential basis through a share swap mechanism, meaning it was a consideration other than cash.
Regulatory Compliance and Shareholding Details
The disclosure has been made in accordance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011. As a result of this allotment, Briny Digitalize Private Limited’s holding in 7NR Retail Limited now stands at 1,62,00,000 shares, representing 14.41% of the total diluted share capital. The acquisition date is noted as 11/09/2026.
Impact on Share Capital
Following this acquisition, the equity share capital of 7NR Retail Limited has increased. Prior to the acquisition, the paid-up capital was Rs. 28,00,68,000 (2,80,06,800 shares). Post-acquisition, the paid-up capital stands at Rs. 1,18,00,68,000 (11,80,06,800 shares). The total diluted share capital also reflects this increase, standing at Rs. 1,18,00,68,000.
Source: BSE
