GCM Capital Advisors Limited, along with its Persons Acting in Concert (PACs), has acquired a significant stake in NCL Research and Financial Services Limited. The acquisition, completed on November 2nd, 2026, through a right issue allotment, resulted in GCM Capital Advisors holding 8,62,30,000 shares. This translates to 5.54% of the total voting capital of NCL Research and Financial Services. Prior to this transaction, GCM Capital Advisors had no shares or voting rights in the target company.
NCL Research and Financial Services Sees New Shareholder
GCM Capital Advisors Limited has announced a substantial acquisition in NCL Research and Financial Services Limited. The transaction, detailed in a filing dated November 3, 2026, marks a significant entry into the shareholding of NCL Research and Financial Services by GCM Capital Advisors and its associated entities, Rupasi Traders Private Limited and Blue Lagoon Trading Private Limited. These entities are not considered part of the promoter group of the target company.
Acquisition Details
The acquisition involved the purchase of 8,00,000 equity shares carrying voting rights, which represented 0.05% of the total share capital of NCL Research and Financial Services. Following this, on November 2, 2026, GCM Capital Advisors Limited, through a Right Issue, was allotted 8,70,30,000 shares. This allotment increased their total holding of shares carrying voting rights to 8,62,30,000, representing 5.54% of the total share capital. The total diluted share/voting capital of the TC after the acquisition remains at 5.54%.
Transaction Information
The mode of acquisition was through an Allotment (Right Issue). The total equity share capital and voting capital of NCL Research and Financial Services stood at 156.98144 Crore both before and after the said acquisition.
Source: BSE
