Genus Prime Infra Ltd has disclosed a substantial acquisition of shares by Chiswick Investment Pte. Ltd under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition represents a significant corporate development for the BSE-listed infrastructure company.

Acquisition Details

Chiswick Investment Pte. Ltd, which is not part of the promoter or promoter group, acquired 7,663,160 equity shares carrying voting rights in Genus Prime Infra Ltd. This acquisition represents 9.827% of both the total share capital and voting capital of the company.

Pre and Post Acquisition Holdings

Prior to this acquisition, Chiswick Investment Pte. Ltd had no holdings in Genus Prime Infra Ltd. The company held nil shares carrying voting rights, had no encumbrances, voting rights through other instruments, or convertible securities.

Capital Structure Changes

The acquisition occurred through a share allotment resulting from a scheme of arrangement, which significantly impacted the company's capital structure. The equity share capital of Genus Prime Infra Ltd increased substantially following the completion of the scheme.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations governing substantial acquisitions. Chiswick Investment Pte. Ltd does not belong to the promoter or promoter group of Genus Prime Infra Ltd. The company's shares are listed on BSE Limited, and this acquisition triggers the mandatory disclosure requirements under the takeover regulations.

The acquisition did not involve any warrants, convertible securities, or other instruments that would entitle the acquirer to receive additional shares. No encumbrances such as pledges, liens, or non-disposal undertakings were part of this transaction.

Genus Prime Infra has witnessed a significant corporate restructuring through a scheme of arrangement that resulted in Genus Shareholders Trust acquiring a substantial stake in the company. The transaction, completed under NCLT sanction, represents a strategic demerger involving the transfer of Strategic Investment Business from Genus Power Infrastructures Limited.

Acquisition Details

Genus Shareholders Trust, acting as the acquirer, obtained 45,90,642 equity shares through the scheme of arrangement. The acquisition represents a 5.89% stake in the company's expanded share capital structure.

Share Capital Transformation

The corporate restructuring significantly altered Genus Prime Infra's share capital structure. The company's equity base expanded substantially following the allotment of shares under the demerger scheme.

Regulatory Compliance

The disclosure was made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Genus Shareholders Trust, represented by Trustee Vikas Kothari, submitted the mandatory filing to both the company and BSE Limited, where Genus Prime Infra shares are listed under scrip code 532425.

Demerger Structure

The scheme of arrangement facilitated the demerger of Strategic Investment Business from Genus Power Infrastructures Limited into Genus Prime Infra Limited. This corporate restructuring involved the transfer of business operations along with respective shareholders and creditors. The acquirer, Genus Shareholders Trust, does not belong to the promoter or promoter group of the target company.

Shareholding Position

Prior to this acquisition, Genus Shareholders Trust held no shares in Genus Prime Infra Ltd. Post-acquisition, the trust's entire holding consists of the 45,90,642 shares obtained through the demerger scheme, with no encumbrances, voting rights through other instruments, or convertible securities involved in the transaction.