This is a regulatory disclosure filed by The Yaar Association with the BSE Corporate Relations Department under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing pertains to the acquisition of equity shares in IDream Film Infrastructure Company Limited.
Nature of the Event
The disclosure concerns the acquisition of a substantial shareholding in IDream Film Infrastructure Company Limited by The Yaar Association. The acquirer has confirmed there are no Persons Acting in Concert (PAC) involved in this transaction. The Yaar Association explicitly stated it does not belong to the Promoter/Promoter group of the target company.
Key Quantitative Figures and Transaction Details
- Number of Shares Acquired: 39,960,492 equity shares
- Percentage of Voting Rights Acquired: 14.77%
- Percentage of Diluted Voting Rights Acquired: 14.77%
- Date of Acquisition/Allotment: July 2, 2026 (02-07-2026)
- Transaction Execution Date: July 1, 2026 (01-07-2026)
Pre-Acquisition Holding
The acquirer, The Yaar Association, held no shares, voting rights, encumbered shares, warrants, or convertible securities in IDream Film Infrastructure Company Limited prior to this transaction. Their holding across all categories was reported as NIL.
Post-Acquisition Holding
Following the acquisition, The Yaar Association holds 39,960,492 equity shares, representing 14.77% of both the total voting capital and the total diluted voting capital of the target company. There are no encumbrances, other voting rights, or convertible instruments associated with this holding.
Capital Structure Impact
- Equity Share Capital Before Disposal: 150,000 shares of ₹10 each (as per the latest filing under Clause 35 of the listing agreement)
- Equity Share Capital After Disposal: 270,553,280 shares of ₹10 each
- Total Diluted Share/Voting Capital After Disposal: 270,553,280 shares of ₹10 each
The disclosure indicates a significant expansion of the company's share capital, coinciding with this acquisition.