ELCID Investments to Invest ₹15 Crore in Nexon Omniverse for 0.60% Stake

Elcid Investments Limited has made a notable move in its investment portfolio by acquiring a minority stake in Nexon Omniverse Limited. 

This acquisition reflects Elcid’s continued efforts to diversify its holdings while remaining aligned with its core business as a Non-Banking Financial Company (NBFC).

Strategic Acquisition Announcement

Elcid Investments Limited has officially informed the Bombay Stock Exchange (BSE) about its agreement to acquire a minority stake in Nexon Omniverse Limited. The company stated in its disclosure: “Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that Elcid Investments Limited (hereinafter referred as ‘Company’) has entered into an agreement to subscribe to Compulsory Convertible Preference Shares and the Equity shares of ‘Nexon Omniverse Limited’ (hereinafter referred as ‘Nexon Omniverse’).”

As per the filing, Elcid will invest approximately ₹15 crore in Nexon Omniverse, which will result in around 0.60% ownership on a fully diluted basis.

Details of the Investment and Target Company

The investment involves subscribing to 988 Series D CCPS at ₹1,00,000 per share, acquiring 421 Series B CCPS from Kasturi Trust at ₹23,310 per share, and purchasing a total of 75,955 equity shares from individual and institutional investors at ₹543.8 per share.

Nexon Omniverse Limited, incorporated in 2011, operates in the fast fashion retail sector under two verticals – Style Union (fast fashion apparel and accessories) and Ethnicity (ethnic wear and home accessories). For the financial year ending March 31, 2025, the company reported a turnover of ₹582.55 crore, significantly growing from ₹183.72 crore in FY 2023.

Read More: Zepto Secures ₹7.5 Crore from Elcid Investments at $5.9 Billion Valuation!

Elcid Investment Share Performance 

As of August 29, 2025, at 1:36 PM, Elcid Investment share price is trading at ₹1,32,300 per share, reflecting a surge of 0.04% from the previous closing price. 

Conclusion

The acquisition reflects Elcid Investments Limited’s strategic approach to diversifying its portfolio within the scope of its NBFC operations. With Nexon Omniverse’s rapid growth in the fashion retail industry, this move is aligned with Elcid’s long-term investment strategy.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.