Aegis Investment Fund PCC raises stake in Modis Navnirman Ltd to 8.42%
Aegis Investment Fund PCC increased its stake in Modis Navnirman Ltd to 8.42% by acquiring 457,142 shares on June 3, 2026. The transaction, conducted via the open market, raised the acquirer's holding from 6.09% to 8.42% of the total paid-up voting capital under SEBI SAST regulations.

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Aegis Investment Fund PCC has increased its shareholding in Modis Navnirman Ltd to 8.42% through an open market acquisition on June 3, 2026. The acquirer purchased 457,142 equity shares, representing 2.33% of the total paid-up voting capital, as disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this transaction, the acquirer held 1,192,348 shares, which accounted for 6.09% of the capital.
Acquisition Details
The disclosure confirms that Aegis Investment Fund PCC does not belong to the promoter or promoter group of Modis Navnirman Ltd. The shares of the target company are listed on NSE and BSE Limited. The acquisition was executed entirely through the open market mechanism, with no other modes such as preferential allotment or inter-se transfers involved.
Holding Structure
Following the acquisition, the total holding of Aegis Investment Fund PCC along with Persons Acting in Concert (PACs) stands at 1,649,490 shares. The detailed breakdown of the shareholding before and after the transaction is outlined below.
| Description | Number of Shares | % of Total Share/Voting Capital | % of Total Diluted Share/Voting Capital |
|---|---|---|---|
| Before Acquisition | |||
| Aegis Investment Fund PCC | 1,192,348 | 6.09% | 6.09% |
| Total (Before) | 1,192,348 | 6.09% | 6.09% |
| Acquisition | 457,142 | 2.33% | 2.33% |
| After Acquisition | |||
| Aegis Investment Fund PCC | 1,649,490 | 8.42% | 8.42% |
| Total (After) | 1,649,490 | 8.42% | 8.42% |
The equity shares capital of Modis Navnirman Ltd before the said acquisition was 1,192,348, which increased to 1,649,490 shares post-acquisition. There are no warrants, convertible securities, or shares encumbered reported in the filing. The salient features of the securities acquired were noted as not applicable.
Historical Stock Returns for Modi's Navnirman
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.76% | -2.53% | +0.64% | +0.01% | -14.43% | -14.43% |
What strategic objectives might Aegis Investment Fund PCC aim to achieve by increasing its stake to 8.42%?
Could this acquisition signal a potential takeover bid or further stake increases in the future?
How might the market react to this increased shareholding in terms of Modis Navnirman Ltd's stock performance?































