03-Nov-2026 17:46:55
ELCID INVESTMENTS : TO INVEST RS 1.60 CR IN NEXON OMNIVERSE VIA CCPS
• To subscribe 160 Series E Compulsorily Convertible Preference Shares of Nexon Omniverse at ₹1,00,000 per CCPS • Proposed investment is ₹1.60 Cr in cash, a further investment after its earlier CCPS subscription • Each CCPS converts at 57.47 shares; the 160 CCPS convert into 9,195 shares • Aggregate holding after this round expected at ~0.60% of Nexon Omniverse on fully diluted basis • Target is a fast fashion retailer running Style Union and Ethnicity formats; turnover ₹1,198.7 Cr (FY26) v ₹582.9 Cr (FY25), ₹346.7 Cr (FY24) • Indicative completion in 30 days; transaction is not a related party transaction Impact: Neutral (small ~0.60% fully diluted stake, though target turnover has more than doubled YOY)
EL CID Investments Ltd
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