Kinjalben Maulik Patel has disclosed the acquisition of 45,00,000 equity shares in 7NR Retail Limited, representing 3.81% of the company’s total voting capital. This acquisition was made on a preferential basis through a share swap, with the transaction dated September 11, 2026. The disclosure is made in compliance with SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011.
Kinjalben Maulik Patel Discloses Share Acquisition
In a significant regulatory filing, Kinjalben Maulik Patel has announced the acquisition of a substantial stake in 7NR Retail Limited. The disclosure, made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011, details the acquisition of 45,00,000 equity shares. These shares constitute 3.81% of the total share capital and voting rights of 7NR Retail Limited.
Transaction Details
The acquisition took place on September 11, 2026, and was executed through a preferential allotment. Notably, the consideration for these shares was provided on a basis other than cash, specifically a share swap. This transaction alters the ownership structure of 7NR Retail Limited, with Kinjalben Maulik Patel now holding a direct interest.
Post-Acquisition Holding
Following this acquisition, Kinjalben Maulik Patel’s holding in 7NR Retail Limited stands at 45,00,000 equity shares, representing 3.81% of the company’s voting capital. This figure accounts for both voting rights and any convertible securities that could lead to voting rights, indicating a comprehensive post-transaction holding. The company’s management, including the Board of Directors, has been duly informed and requested to take this disclosure on record.
Details of Acquisition
- Number of Shares Acquired: 45,00,000
- Percentage of Voting Capital: 3.81%
- Acquisition Date: 11/09/2026
- Mode of Acquisition: Preferential basis (Share Swap)
Source: BSE
