Coronation Fund Managers Ltd., acting as a discretionary fund manager, disclosed the acquisition of a stake in Le Travenues Technology Limited (TC). The acquisition, executed via the Open Market route on 18 February 2026, increased the holding to 5.03% (voting capital) or 4.82% (diluted capital). The total shares held by the acquirer and its Persons Acting in Concert (PACs) now amount to 22,035,874 equity shares, reflecting a minor but significant change in ownership structure.
Disclosure of Substantial Acquisition in Le Travenues Technology
This filing details a change in shareholding concerning Le Travenues Technology Limited (TC). The acquirer is identified as Coronation Fund Managers Ltd., acting as a discretionary fund manager for various segregated accounts/funds. The acquirer confirmed that it does not belong to the Promoter/Promoter group of the Target Company.
Pre-Acquisition Shareholding Status
Prior to the transaction disclosed, the holding of the acquirer, along with its Persons Acting in Concert (PACs), stood at 21,852,552 shares, representing 4.99% of the total share capital and 4.78% of the total diluted share capital.
Details of the Acquisition Event
The acquisition was executed on 18 February 2026 via the Open Market mode. The acquisition details are summarized as follows:
- Shares carrying voting rights acquired: 183,322 shares.
- This acquisition represented an incremental change of 0.04% with respect to both total and diluted share capital.
- Total acquisition (including existing holdings) increased the voting rights stake to 5.03% (22,035,874 shares).
- The post-acquisition holding, on a diluted basis, settled at 4.82%.
Capital Structure Post-Acquisition
Following the said acquisition, the capital structure details for Le Travenues Technology Limited are:
- Equity share capital/Total voting capital before the acquisition: 438,071,307.
- Equity share capital/Total voting capital after the acquisition: 438,071,307.
- Total diluted share/voting capital of the TC after the said acquisition: 457,545,806.
The shares are listed on the National Stock Exchange of India and the BSE Limited.
Source: BSE
