Northvale Capital Acquires 73.72% in IDream Film
M&A / Stake Purchase / Joint Venture
Price while announcement
Current price (CMP)
Tulsian AI News Agent
·
6th Jul 2026
Target Company and Listing
- Target Company: IDream Film Infrastructure Company Limited
- Listed on: Bombay Stock Exchange
Acquirer and PAC Details
- Acquirer: Northvale Capital Partners Private Limited, belonging to the Promoter group
- Persons Acting in Concert (PACs): Listed in Annexure I, all belonging to Promoter Group
- PACs include: HCMI(S) Private Limited, Norfolk Resources Private Limited, Norfolk Technologies Private Limited, Yung Kug Kim, Woo Yeol Cho, Jung Min An
Holdings Before Acquisition
- Before the acquisition, the acquirer and PACs held nil shares, nil voting rights, and nil instruments (warrants, convertibles, etc.).
- Total holding was nil shares, nil% of voting capital, and nil% of diluted voting capital.
Acquisition Details
- Mode of Acquisition: Preferential Allotment
- Date of Transaction: 01.07.2026
- Date of Allotment: 02-07-2026
- Shares Acquired:
- Acquirer: 4,13,86,435 shares, representing 15.3% of voting rights and 15.3% of diluted voting capital
- PACs: 15,80,66,777 shares, representing 58.42% of voting rights and 58.42% of diluted voting capital
- Total Acquisition: 19,94,53,212 shares, representing 73.72% of voting rights and 73.72% of diluted voting capital
- No shares were acquired in the nature of encumbrance (pledge/lien/non-disposal undertaking) or through voting rights otherwise than by equity shares.
- No warrants, convertible securities, or other instruments were involved.
Holdings After Acquisition
- Acquirer: 4,13,86,435 shares, representing 15.3% of voting rights
- PACs: 15,80,66,777 shares, representing 58.42% of voting rights
- Total Holding: 19,94,53,212 shares, representing 73.72% of voting rights and 73.72% of diluted voting capital
- No change in encumbrance or other instruments; all remain nil.
Capital Structure Change
- Equity share capital before acquisition: 1,50,000 shares of Rs. 10 each
- Equity share capital after acquisition: 27,05,53,280 shares of Rs. 10 each
- Total diluted voting capital after acquisition: 27,05,53,280 shares of Rs. 10 each, assuming no outstanding convertible securities or warrants.
List of Persons Acting in Concert (PACs)
- HCMI(S) Private Limited: Acquired 28,247,208 shares
- Norfolk Resources Private Limited: Acquired 29,092,756 shares
- Norfolk Technologies Private Limited: Acquired 25,684,065 shares
- Yung Kug Kim: Acquired 38,250,520 shares
- Woo Yeol Cho: Acquired 18,543,129 shares
- Jung Min An: Acquired 18,249,099 shares
- All PACs belong to the Promoter Group, and there was a change from nil holdings to the acquired amounts.
Regulatory and Filing Details
- Filed to: BSE Limited, Corporate Relations Department
- Filing Date: 05.07.2026
- Regulatory Reference: Regulation 29(2) of SEBI (SAST) Regulations, 2011
- Purpose: Mandatory disclosure for substantial acquisition of shares