Leading Leasing Finance acquires additional 31.9 lakh shares in Aqylon Nexus, raising stake to 12.85%

What Leading Leasing Finance announced

Leading Leasing Finance and Investment Company Limited (LLF) disclosed that it has increased its shareholding in Aqylon Nexus Limited (formerly Sri Adhikari Brothers Television Networks Limited). The acquisition was executed in the open market on 15 June 2026 and the filing was submitted to the stock exchanges on 16 June 2026 under Regulation 29(2) of the SEBI Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011.

Details of the acquisition

• Pre‑acquisition holding: LLF owned 2,94,24,886 shares, equivalent to 11.60% of Aqylon Nexus’ total voting capital.
• Shares acquired: An additional 31,90,000 equity shares were purchased, representing 1.26% of the total share capital.
• Post‑acquisition holding: After the transaction, LLF’s total holding rose to 3,26,14,886 shares, amounting to 12.85% of the company’s equity.
• Total equity shares of Aqylon Nexus: The target company has 25,37,30,560 equity shares of Rs 1 each, a figure that remained unchanged before and after the acquisition.

These numbers are presented on a diluted basis, assuming full conversion of any outstanding convertible securities, although the filing indicates that the capital structure itself was not altered by the transaction.

Mode and timing of the transaction

The acquisition was carried out through the open market, meaning LLF bought the shares directly from existing shareholders on the exchange rather than via a private placement, preferential allotment, or any other off‑market mechanism. The date of acquisition recorded in the filing is 15‑06‑2026. No information was provided about the average price paid per share or the total monetary outlay.

Regulatory filing under SEBI Regulation 29(2)

Regulation 29(2) of the SEBI (SAST) Regulations requires any person or entity acquiring 5% or more of the voting rights in a listed company to disclose the acquisition to the stock exchanges within two working days. Although LLF’s post‑acquisition stake of 12.85% is well above the 5% threshold, the filing serves to keep the market informed and to ensure compliance with the takeover code.

The disclosure includes:

• Names of the target company (Aqylon Nexus Ltd) and the acquirer (Leading Leasing Finance and Investment Company Ltd).
• Confirmation that the acquirer does not belong to the promoter group.
• Detailed breakdown of share categories before and after the acquisition (equity shares, voting rights, encumbrances, warrants, etc.).
• The mode of acquisition (open market) and the exact date of the transaction.

Key facts at a glance

Why this matters for investors

The increase in LLF’s stake to 12.85% gives the investor a more substantial voice in shareholder meetings, though it still falls short of the 20% threshold that would trigger additional disclosure obligations such as a mandatory open offer under the takeover code. Because the transaction was executed in the open market, there is no immediate dilution of existing shareholders’ equity; the total number of shares outstanding remains unchanged.

For investors in Aqylon Nexus, the filing signals that an institutional player is building a larger position, which could be interpreted as confidence in the company’s prospects. However, the disclosure does not provide any insight into LLF’s strategic intent—whether it seeks board representation, a future merger, or simply a financial investment.

Regulatory compliance is also noteworthy. By filing under Regulation 29(2) within the stipulated timeframe, both LLF and Aqylon Nexus demonstrate adherence to SEBI’s transparency norms, reducing the risk of regulatory penalties and ensuring that the market remains well‑informed about significant shareholdings.

Conclusion

Leading Leasing Finance and Investment Company Ltd has increased its shareholding in Aqylon Nexus Ltd to 12.85% by purchasing 31.9 lakh shares on 15 June 2026 through an open‑market transaction. The disclosure, filed on 16 June 2026 under SEBI’s Regulation 29(2), fulfills statutory requirements and provides the market with a clear picture of the updated ownership structure. No further approvals or actions are pending in relation to this specific acquisition, but the enlarged stake may influence future corporate governance dynamics.