Spring Trade Mercantile Private Limited acquired a 4.88% stake in New Markets Avenue Limited through a preferential allotment of 5,00,000 equity shares on August 13, 2026.

The acquisition, disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, marks the entry of Spring Trade Mercantile as a significant shareholder in the Mumbai-listed firm. The acquirer confirmed it does not belong to the promoter or promoter group of the target company.

Transaction Details

The deal involved the issuance of new equity shares rather than an off-market transfer of existing holdings. Prior to this transaction, Spring Trade Mercantile held zero shares in New Markets Avenue Limited. Following the allotment, its holding stands at 5,00,000 shares, representing 4.88% of both the total share capital and the diluted voting capital.

The total equity share capital of New Markets Avenue Limited remained unchanged at 1,02,40,000 equity shares of ₹10/- face value before and after the transaction, indicating that the allotment likely involved fresh issuance or rights issues accounted for within the existing capital structure framework as per the filing. No warrants, convertible securities, or encumbered shares were involved in this specific acquisition event.

Regulatory Disclosure

The disclosure was filed with the Bombay Stock Exchange Limited by Dhruvil Naynesh Parikh, Director of Spring Trade Mercantile Private Limited, on August 22, 2026. The filing confirms compliance with SEBI’s takeover regulations regarding substantial acquisitions. No other instruments entitling the acquirer to voting rights were acquired or sold during this period.

Mamta Securities Private Limited has acquired a 9.77% stake in New Markets Avenue through a preferential allotment. The transaction involved the purchase of 10,00,000 equity shares on August 13, 2026.

The acquisition was disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Mamta Securities, which did not belong to the promoter group, held no prior interest in the company before this deal.

Transaction Details

New Markets Avenue Limited, formerly known as New Markets Advisory Limited, is listed on the Bombay Stock Exchange. The total equity share capital of the target company remained at 1,02,40,000 equity shares of ₹10 each both before and after the acquisition.

What the Numbers Show

Mamta Securities entered the shareholder base with a significant single-tranche entry. By acquiring nearly 10% of the voting capital in one go, the entity moved from zero holding to becoming a substantial shareholder immediately. This structure suggests a strategic investment rather than gradual accumulation.

The disclosure was signed by Sameer Prakash Sawant, Director of Mamta Securities Private Limited, on August 22, 2026, in Mumbai.