Leading Leasing Finance and Investment Company Limited has increased its stake in Aqylon Nexus to 10.30% of the total voting capital, following an open market acquisition of 77,73,210 shares on July 31, 2026. This move pushes the acquirer’s holding above the 10% threshold, triggering a mandatory disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition signals continued interest from Leading Leasing in the Mumbai-based company, formerly known as Sri Adhikari Brothers Television Networks Limited.

The transaction was executed entirely through the open market mechanism. Prior to this acquisition, Leading Leasing held 1,83,64,883 shares, representing 7.24% of the total share and voting capital of Aqylon Nexus. With the addition of 77,73,210 shares, the total holding now stands at 2,61,38,093 shares. The acquirer confirmed that it does not belong to the promoter or promoter group of the target company. The disclosure was submitted to both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on August 1, 2026, by Ketan Kumar Gosai, Managing Director of Leading Leasing.

Acquisition Details

The following table outlines the change in shareholding structure for Leading Leasing Finance and Investment Company Limited:

Aqylon Nexus has a total equity share capital of 25,37,30,560 equity shares of ₹1/- each. This figure remained unchanged before and after the acquisition. The diluted share/voting capital is also reported as 25,37,30,560 equity shares of ₹1/- each, indicating no outstanding convertible securities or warrants that would alter the voting rights structure upon conversion.

Regulatory Compliance

The disclosure was filed in compliance with SEBI regulations governing substantial acquisitions. Leading Leasing stated that the shares were acquired without any encumbrances such as pledges or liens. There were no changes in voting rights otherwise than by equity shares, nor were there any warrants or convertible securities involved in the transaction. The acquirer has requested the stock exchanges to take the disclosure on record.

What the Numbers Show

The jump from 7.24% to 10.30% represents a significant increase in relative ownership, adding 3.06 percentage points to Leading Leasing’s position. Crossing the 10% mark is often viewed as a signal of stronger conviction in the target company’s prospects, as it moves the investor into a more substantial minority stake category. However, as the acquirer is not part of the promoter group, this remains a strategic investment move rather than a control-seeking takeover bid at this stage.

Pine Oak Global Fund has increased its equity stake in Aqylon Nexus Ltd to 5.61% following an open market purchase of 25,00,000 shares on July 28, 2026. This latest acquisition brings the fund’s total holding to 1,42,42,650 shares, reinforcing its position as a significant institutional investor in the company. The move triggers mandatory disclosure obligations under SEBI’s takeover regulations and signals sustained confidence in Aqylon Nexus’s market prospects.

The disclosure was filed with the National Stock Exchange of India Limited and BSE Limited pursuant to Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Pine Oak Global Fund is not part of the promoter or promoter group of Aqylon Nexus Ltd.

Acquisition Details

The acquirer purchased the shares in the open market, increasing its voting rights by 0.98%. There were no encumbrances, pledges, liens, or non-disposal undertakings associated with the acquired shares. Similarly, there were no warrants, convertible securities, or other instruments entitling the acquirer to receive additional shares carrying voting rights.

Capital Structure

The total equity share capital of Aqylon Nexus Ltd remained unchanged at 25,37,30,560 equity shares of Re. 1 each, aggregating to a share capital of Rs. 25,37,30,560. The total diluted share/voting capital also stood at 25,37,30,560 equity shares after the acquisition. No changes were reported in the number of shares carrying voting rights other than those directly acquired by Pine Oak Global Fund.