Gemstone Investments Ltd

📈 Mahevarsh Fincon Acquires 13.51% Stake in Gemstone Investments

• Mahevarsh Fincon acquired 1,98,00,000 shares (13.51% of total voting capital) via preferential allotment

• Acquisition occurred on 21.04.2024 through conversion of warrants into equity shares

• Post-acquisition, Mahevarsh Fincon's total holding increased to 1,98,86,000 shares (13.57%)

• Gemstone Investments' equity share capital rose from 7,47,50,000 to 14,65,50,000 shares

• Mahevarsh Fincon is not part of the promoter or promoter group