Key Quantitative Figures
Nippon Life India Asset Management Limited, on behalf of Nippon India Mutual Fund, acquired 500,000 equity shares of TCI Express Limited. This acquisition represents 1.3014% of the company's total equity share capital.
Details of Acquisition and Holdings
Pre-acquisition Holding: The acquirer held 1,484,921 shares, representing a 3.8651% stake in the company.
Post-acquisition Holding: The total holding has increased to 1,984,921 shares, representing a 5.1665% stake.
Mode of Acquisition: The shares were acquired through open market transactions.
Period of Acquisition: The purchase transactions were entered into during the period from October 16, 2020, to July 15, 2026.
Capital Structure Impact
The equity share capital of TCI Express Limited remained unchanged by this transaction. The total paid-up equity share capital is Rs. 7,68,37,980/-, consisting of 3,84,18,990 equity shares with a face value of Rs. 2 per share. The acquisition did not alter the total diluted voting capital of the company.
Parties Involved
Acquirer: Nippon Life India Asset Management Limited (on behalf of Nippon India Mutual Fund)
Target Company: TCI Express Limited
Regulatory Reference: SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Regulation 29(1)
Stock Exchanges: The disclosure was made to BSE Limited and the National Stock Exchange of India Ltd.
Additional Information
The acquirer confirmed it does not belong to the Promoter/Promoter group of TCI Express Limited. The PAN provided for the acquirer is AAATR0090B. The disclosure was digitally signed by Priyanka, Company Secretary & Compliance Officer of TCI Express Limited.