Promoter Skybridge Interactive LLP acquires 65 lakh shares; stake rises to 74.67%
Skybridge Interactive LLP, listed as a promoter of the company, acquired 65 lakh equity shares from Mr. Gordhan P. Tanwani.
By ScoutQuest · · 2 min read
- Shares Acquired
- 65 lakh equity shares acquired from Mr. Gordhan P. Tanwani
- Shareholding After
- 3,92,00,602 shares (74.67%) vs 3,27,00,602 shares (62.28%) before
- Transaction Value
- Rs. 3,90,00,000
What the disclosure is about
The company has submitted a Form C disclosure under the SEBI (Prohibition of Insider Trading) Regulations, 2015, after receiving it from Skybridge Interactive LLP. The form records a change in that entity's shareholding in the company.
Key facts of the transaction
- Skybridge Interactive LLP acquired 65 lakh equity shares of the company.
- The shares were acquired from Mr. Gordhan P. Tanwani.
- The acquisition date is 3rd November, 2026.
- The route was an off-market transfer, under a Share Purchase Agreement dated 25th February, 2026.
- The value stated for the shares acquired in the form is Rs. 3,90,00,000.
- In the form, Skybridge Interactive LLP is categorised as Promoter.
- The form was intimated to the company on 4th November, 2026.
Shareholding before and after
- Before the transaction: 3,27,00,602 equity shares, equal to 62.28%.
- After the transaction: 3,92,00,602 equity shares, equal to 74.67%.
- So the number of shares held by this promoter entity went up by the 65 lakh shares it acquired.
How to read it
- The shares moved from an existing holder to a promoter entity through an off-market transfer. The company itself did not allot these shares as part of this transaction; they changed hands between two holders.
- A promoter's holding going up is often watched by investors as a signal of how the promoter views the company. The same fact also means a larger share of the company now sits with the promoter group.
- The disclosure is a record of a completed transfer. It does not by itself change the company's business, operations or earnings.
- The form also has a section for derivatives, which is marked as Nil / Not applicable, and the mode of acquisition is shown as Off Market.
What an investor can take away
- The promoter entity now holds 74.67% of the company, against 62.28% before.
- The transaction was struck under a Share Purchase Agreement dated 25th February, 2026 and was reported to the company on 4th November, 2026.
- The form places a value of Rs. 3,90,00,000 on the 65 lakh shares acquired.
Also from Baba Arts
Baba Arts Ltd-$ shareholder buys 12.38% stake
5 Nov 2026
Baba Arts Ltd-$ shareholder buys 12.38% stake, holding rises to 74.67%
4 Nov 2026
Revised disclosure: final tranche of 65 lakh shares transferred to Skybridge Interactive LLP
4 Nov 2026
More numbers
- Equity shares acquired by Skybridge Interactive LLP65,00,000
- Shares held before the transaction3,27,00,602
- Shareholding before the transaction62.28%
- Shares held after the transaction3,92,00,602
- Shareholding after the transaction74.67%
- Value of shares acquired3,90,00,000
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