Craft Emerging Market Fund acquires 9.94% stake in Shoora Designed Limited
Craft Emerging Market Fund PCC, through its sub-funds Citadel Capital Fund and Elite Capital Fund, acquired a 9.94% stake in Shoora Designed Limited via the allotment of 460,000 shares in March 2025. The disclosure, filed under SEBI regulations, confirms the acquirer is not part of the promoter group. Post-acquisition, the total voting rights of the acquirer and PACs stand at 9.94% of the company's total share capital.
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Shoora Designed Limited has disclosed a substantial acquisition of shares by Craft Emerging Market Fund PCC. The acquirer, along with Persons Acting in Concert (PAC) including Citadel Capital Fund and Elite Capital Fund, has secured a 9.94% stake in the target company. The acquisition was executed via an allotment of 460,000 equity shares carrying voting rights.
The transaction details were submitted to the stock exchanges in compliance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this acquisition, the acquirer and PACs held no shares or voting rights in the company. Following the allotment, their total holding stands at 460,000 shares, which constitutes 9.94% of the total share capital and 9.94% of the total diluted share capital.
The shares of Shoora Designed Limited are listed on the BSE. The equity share capital of the target company before and after the acquisition remained at 4,623,662. The date of the allotment was recorded as March 2025. The acquirer has confirmed that it does not belong to the promoter or promoter group of the target company.
The disclosure was signed by the authorised signatory on June 05, 2026, in Mauritius. The filing provides transparency regarding the change in shareholding structure to the regulatory authorities and the public.
Acquisition Details
| Description | Number of Shares | % of Total Share Capital | % of Total Diluted Share Capital |
|---|---|---|---|
| Shares Acquired | 460,000 | 9.94 | 9.94 |
| Pre-acquisition Holding | NIL | NIL | NIL |
| Post-acquisition Holding | 460,000 | 9.94 | 9.94 |
Historical Stock Returns for Shoora Designs
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +10.34% | +44.14% | +100.60% | -0.06% | -26.47% |
Does Craft Emerging Market Fund PCC intend to increase its stake beyond the current 9.94% in the near future?
How will this substantial investment by Citadel and Elite Capital Funds influence Shoora Designed's strategic direction?
What impact will this acquisition have on the stock price and trading volume of Shoora Designed Limited on the BSE?
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