Elcid Investments to invest Rs 1,60,00,000 for a 0.60% stake in Nexon Omniverse Back
<p>Elcid Investments Limited intends to make a further investment of Rs 1,60,00,000 by subscribing to 160 Series E Compulsorily Convertible Preference Shares (CCPS) of Nexon Omniverse Limited, previously known as Ethnicity Limited, at a subscription price of Rs 1,00,000 per CCPS, which will convert into 9195 shares; this investment will bring Elcid Investments' total shareholding in Nexon Omniverse Limited, on a fully diluted basis, to approximately 0.60%, according to a regulatory filing. Nexon Omniverse, incorporated on September 7, 2011, reported a turnover of Rs 1198.7 crore for the financial year ended March 31, 2026, and operates in the fast fashion retail industry under the Style Union and Ethnicity brands.</p>