Onelife swaps 1.6M warrants for equity in Swojas Foods, holding steady

What's the deal? Onelife Capital Advisors LimitedDealroom has a profile for this one. Try Dealroom → acquired 1,600,000 equity shares of Swojas FoodsDealroom has a profile for this one. Try Dealroom → on August 26, 2026, while simultaneously disposing of 1,600,000 warrants it held in the company. The move swaps contingent voting rights for actual equity ownership.

What the numbers show: The acquisition lifted Onelife's direct equity holding by 3.49% of total share capital, while the warrant disposal cut its warrant exposure by 2.81% of total diluted capital. The net change in Onelife's total diluted voting power is zero.

Why now? The transaction was disclosed under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Onelife is not part of the promoter or promoter group of Swojas Foods.

Before the deal, Onelife held 3,216,162 equity shares — 7.27% of total share capital and 5.65% of diluted share capital. It also held 6,783,838 warrants, or 11.91% of total diluted voting rights.

The signal: By converting warrants into underlying shares, Onelife has firmed up its stake as a direct owner without changing its overall economic interest or control threshold in Swojas Foods.

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