Leading Leasing Finance buys 1.32% of Aqylon Nexus, stake rises to 11.60%

What Leading Leasing Finance announced

On 15 June 2026, Leading Leasing Finance and Investment Company Limited (LLF) filed a disclosure with the Bombay Stock Exchange (BSE) under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing confirms that LLF has purchased additional equity shares of Aqylon Nexus Limited – formerly known as Sri Adhikari Brothers Television Networks Limited – thereby increasing its stake in the target company.

The acquisition was executed in the open market on 12 June 2026. LLF’s total holding in Aqylon Nexus rose from 2,60,66,270 shares (10.27% of the total equity) to 2,94,24,886 shares, amounting to an 11.60% ownership post‑transaction. The incremental purchase comprised 33,58,616 shares, which represents a 1.32% increase in the shareholding percentage.

"We would like to inform you that we have acquired the shares of Aqylon Nexus Limited…" – Ketan Kumar Gosai, Managing Director, LLF.

Details of the acquisition

• Target company: Aqylon Nexus Limited (formerly Sri Adhikari Brothers Television Networks Limited), BSE scrip code 530943.
• Acquirer: Leading Leasing Finance and Investment Company Limited (LLF).
• Mode of acquisition: Open‑market purchase.
• Date of acquisition: 12 June 2026.
• Shares acquired: 33,58,616 equity shares (each of Rs 1 face value).
• Pre‑acquisition holding: 2,60,66,270 shares (10.27% of total equity).
• Post‑acquisition holding: 2,94,24,886 shares (11.60% of total equity).
• Total equity shares of Aqylon Nexus: 25,37,30,560 shares (unchanged before and after the transaction).
• Acquirer’s promoter status: LLF does not belong to the promoter or promoter group of Aqylon Nexus.

The filing also clarifies that there were no encumbrances, pledges, or other non‑disposal undertakings attached to the shares acquired. The total diluted voting capital of Aqylon Nexus remains at 25.37 crore shares, indicating that no convertible securities or warrants were exercised as part of this transaction.

Regulatory disclosure under SEBI Regulation 29(2)

SEBI’s Regulation 29(2) mandates that any entity acquiring 1% or more of the voting rights in a listed company must disclose the acquisition to the stock exchanges within two working days. LLF’s filing satisfies this requirement by providing a detailed breakdown of its shareholding before and after the acquisition, the mode of purchase, and the exact number of shares involved.

The disclosure includes a standard format that lists:

1. Name of the target company – Aqylon Nexus Limited.
2. Name(s) of the acquirer and persons acting in concert (PAC) – Leading Leasing Finance and Investment Company Limited.
3. Whether the acquirer belongs to the promoter group – No.
4. Stock exchanges where the target is listed – BSE and NSE.
5. Shareholding percentages before and after the acquisition – 10.27% → 11.60%.
6. Mode and date of acquisition – Open market, 12‑06‑2026.

The filing was submitted to both BSE and NSE, ensuring compliance with the disclosure norms and providing market participants with transparent information about the change in shareholding structure.

Key facts at a glance

Why this matters for investors

The increase in LLF’s stake signals a continued interest in Aqylon Nexus, a company that has undergone a recent rebranding and may be positioning itself for strategic initiatives in the media and entertainment sector. For existing shareholders of Aqylon Nexus, the transaction does not dilute their proportional ownership because the total share count remains unchanged; however, the presence of a larger non‑promoter shareholder could influence future corporate governance dynamics.

From LLF’s perspective, the acquisition adds roughly 33.58 lakh shares to its portfolio, raising its voting power by 1.33 percentage points. While the stake is still below the 20% threshold that would trigger additional regulatory scrutiny (such as a mandatory open offer), the move may be preparatory for a larger future investment or a strategic partnership.

Investors should note that the transaction was executed at market prices, implying that LLF did not receive any preferential pricing. The open‑market nature also suggests that the purchase did not involve any off‑balance‑sheet arrangements or complex financing structures.

Conclusion

Leading Leasing Finance and Investment Company Limited has disclosed an open‑market purchase of 33.58 lakh shares of Aqylon Nexus Ltd, raising its holding from 10.27% to 11.60% of the target’s equity. The filing, made on 15 June 2026, complies with SEBI’s Regulation 29(2) and provides full transparency on the shareholding change. While the acquisition modestly increases LLF’s influence in Aqylon Nexus, no further corporate actions, such as a takeover offer, are mandated at this level of ownership. Future developments will depend on the strategic intentions of both parties and broader market conditions.