GreenX Wealth Fund Acquires Substantial 7.42% Stake in Vivid Mercantile Limited

GreenX Wealth Multihorizons Opportunity Fund has made a substantial acquisition in Vivid Mercantile Limited, acquiring 74,37,761 shares representing 7.42% of the company's total share capital through open market purchases on February 02, 2026. Acquisition Details The fund's shareholding increased significantly from its previous position of 4,00,000 shares (0.40%) to 78,37,761 shares (7.82%) following this acquisition. The transaction was conducted entirely through open market purchases, with no involvement of persons acting in concert (PAC). Parameter: Before Acquisition Acquisition After Acquisition Number of Shares: 4,00,000 74,37,761 78,37,761 Percentage Holding: 0.40% 7.42% 7.82% Voting Rights: 0.40% 7.42% 7.82% Regulatory Compliance The disclosure was filed under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. GreenX Wealth Multihorizons Opportunity Fund is classified as a non-promoter entity and does not belong to the promoter group of Vivid Mercantile Limited. Fund Management Structure The acquisition was executed by GreenX Wealth Multihorizons Opportunity Fund, which operates as a scheme under Greenx Wealth Empire. The fund is managed by Infinityx Investment Managers LLP, with Shilpaben Piyushbhai Mavani serving as the Designated Partner (DPIN: 11005637). Company Information Vivid Mercantile Limited is listed on BSE Limited with the script code VIVIDM (542046). The company has an equity share capital of Rs. 10,02,56,400 divided into 10,02,56,400 equity shares of Rs. 1 each. The company is headquartered in Ahmedabad, Gujarat. Company Details: Information Exchange: BSE Limited Script Code: VIVIDM (542046) Share Capital: Rs. 10,02,56,400 Number of Shares: 10,02,56,400 Face Value: Rs. 1 per share The acquisition represents a significant investment by the fund in the company, crossing the substantial acquisition threshold that requires mandatory disclosure to stock exchanges and regulatory authorities. In a series of significant corporate actions, three private companies have substantially increased their stakes in Vivid Mercantile Limited through off-market and open market transactions. The acquisitions, which took place between October 31 and November 7, 2025, have resulted in notable changes to the company's shareholding structure. Key Acquisitions Acquiring Company Shares Acquired Stake Increase New Total Stake Veeram Barter Private Limited 81,25,000 8.10% 8.19% Veeram Vendors Private Limited 75,75,000 7.56% 11.59% Kriyansh Gold Private Limited 63,25,822 6.31% 12.02% Transaction Details Veeram Barter Private Limited Veeram Barter Private Limited acquired 81,25,000 equity shares (8.10%) of Vivid Mercantile Limited through off-market transactions on November 7, 2025. This acquisition increased their holding from 0.09% to 8.19%. Veeram Vendors Private Limited In a similar move, Veeram Vendors Private Limited purchased 75,75,000 equity shares (7.56%) through off-market transactions on the same date. This acquisition boosted their stake from 4.03% to 11.59%. Kriyansh Gold Private Limited Kriyansh Gold Private Limited took a slightly different approach, acquiring 63,25,822 equity shares (6.31%) through a combination of open market and off-market purchases. These transactions occurred between October 31 and November 7, 2025, increasing their holding from 5.71% to 12.02%. Implications and Disclosures All three acquiring entities are classified as non-promoter entities, indicating that these substantial purchases do not alter the promoter structure of Vivid Mercantile Limited. The company's total equity share capital remains unchanged at 10,02,56,400 shares. The acquisitions have been duly reported to the BSE Limited and Vivid Mercantile Limited, in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. These disclosures ensure transparency in the significant changes to the company's shareholding pattern. While the motives behind these substantial acquisitions remain undisclosed, such significant stake purchases often signal confidence in a company's prospects or potential strategic interests. Market observers and shareholders will likely be keen to see if these acquisitions lead to any changes in Vivid Mercantile's business strategy or operations in the coming months. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. 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