Quint Digital Promoters Raise Stake to 64.66% in 2026

Quint Digital Limited’s promoter group has increased its aggregate holding after acquiring 9,88,842 equity shares through open-market transactions completed up to September 24, 2026. The acquisition represented 2.09% of the company’s voting capital and was disclosed on September 28 under SEBI’s takeover regulations. The group’s aggregate holding rose from 62.57% to 64.66% of voting capital when shares under encumbrance are included. Separately, BSE approved the listing and commencement of trading in Quint Digital’s partly paid compulsorily convertible preference shares, or CCPS, and detachable warrants from September 18. These developments follow the company’s rights issue process, which sought to raise up to ₹90.88 crore.

Open-Market Purchase Adds 9,88,842 Shares

The promoter group acquired 9,88,842 equity shares in the open market through September 24. The purchase was equivalent to 2.09% of Quint Digital’s total voting capital. The disclosure identified Raghav Bahl, Ritu Kapur and Mohan Lal Jain as promoter group acquirers. The promoter group entities and persons acting in concert included RB Diversified Private Limited, R B Software Private Limited and Keyman Trading Services Private Limited. The transaction was reported under Regulation 29(2) of the SEBI Substantial Acquisition of Shares and Takeovers Regulations, 2011. The filing was made with BSE and the company’s compliance officer on September 28.

RB Diversified Led the Additional Buying

The increase in promoter-group voting rights came solely through RB Diversified Private Limited. Its holding rose to 48,87,182 shares following the market purchases. Raghav Bahl’s disclosed shareholding stood at 1,38,60,426 shares, or 29.36%, according to the information provided. The transaction was executed by Raghav Bahl on behalf of the promoters, promoter group and persons acting in concert. No change was reported in the group’s shares held in the nature of encumbrance. Those encumbered shares remained at 1,67,91,526.

Aggregate Holding Reaches 64.66%

Before the transaction, the promoter group and persons acting in concert held 2,95,37,617 shares, equivalent to 62.57% of voting capital. This included 1,27,46,091 voting-right shares, or 27.00%, and 1,67,91,526 encumbered shares, or 35.57%. After the acquisition, the aggregate holding increased to 3,05,26,459 shares. The post-transaction position comprised 1,37,34,933 voting-right shares, or 29.09%, alongside unchanged encumbered shares. The total was reported as 64.66% of voting capital. On a diluted basis, the group’s holding was stated at 47.58%.

Key Shareholding Figures

Rights Issue Provided the Wider Capital Context

The promoter purchase occurred alongside Quint Digital’s rights issue of partly paid 10% non-cumulative, non-participating CCPS and detachable warrants. The Rights Issue Committee approved the Letter of Offer for up to 82,61,402 CCPS and an equal number of warrants. The issue size was stated at up to ₹90.88 crore, while a separate disclosure put the aggregate amount at up to ₹9,087.55 lakh. BSE had granted in-principle approval for the issue on August 14, 2026. Quint Digital submitted its Letter of Offer to BSE on August 21.

Terms of the CCPS and Warrant Issue

Eligible shareholders were entitled to seven CCPS and seven detachable warrants for every 40 equity shares held on the August 25 record date. The issue was scheduled to open on September 2 and close on September 10. Each CCPS carried a price of ₹100, with ₹50 payable on application and the remaining ₹50 payable within 60 months. Each warrant was priced at ₹10, with ₹5 payable on application and ₹5 payable on conversion within 18 months. Every fully paid CCPS and every converted warrant would result in one equity share. The initial application requirement was therefore ₹55 for one CCPS and one warrant.

BSE Trading Approval Took Effect on September 18

BSE granted approval for listing and trading of 82,61,401 CCPS and 82,61,401 warrants. Trading in these securities commenced on September 18, 2026. The CCPS carried a face value of ₹100 each and were partly paid up to ₹50. The approval enabled the newly issued instruments to trade on the exchange. The number approved for trading was one lower than the maximum 82,61,402 instruments cited in the rights issue offer details. The provided disclosures do not state the reason for this difference.

Use of Rights Issue Proceeds

Quint Digital said the rights issue was intended to fund debt repayment and acquisitions. The disclosed allocation included ₹18.00 crore for repayment of secured loans from 360 One Prime Limited. Another ₹30.8612 crore was earmarked for unidentified acquisitions and general corporate purposes. The remainder of the stated maximum issue size was not separately broken down in the provided information. The proposed fundraise and the trading approval for the CCPS and warrants are distinct from the promoter group’s open-market purchase. However, both affect the company’s ownership and capital structure.

Why the Disclosure Matters for Shareholders

The promoter group’s open-market acquisition increased its stated aggregate holding by 2.09 percentage points. It also crossed the 2% cumulative threshold since the previous disclosure, requiring a fresh disclosure under the applicable SEBI regulations. The transaction did not alter the reported 1,67,91,526 shares under encumbrance. Investors assessing the holding pattern can distinguish between the 29.09% voting-right position reported after the purchase and the 64.66% aggregate figure that includes encumbered shares. The separate diluted-basis holding of 47.58% reflects the potential effect of convertible instruments.

What Comes Next

The promoter group’s reported open-market buying was completed through September 24, while the disclosure was filed on September 28. BSE trading in the approved CCPS and warrants began on September 18. The CCPS balance is payable within 60 months, and warrant conversion requires payment of the balance within 18 months. These timelines will remain relevant to Quint Digital’s future diluted share capital and ownership structure. For now, the confirmed development is that the promoter group’s aggregate holding stands at 64.66% after the purchase of 9,88,842 shares.