The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nirmal Bhanwarlal Jain & Others
5PAISA · price
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Promoters of 5paisa Capital Limited subscribed to the company's Rights Issue and acquired a total of 68,72,275 equity shares, increasing their combined holding from 32.76% to 36.50% of the total share capital. The acquisition was made on April 13, 2026, the date of allotment, and involved all nine promoter-group entities led by Nirmal Jain and Venkataraman Rajamani. The company's total equity share capital expanded from 31,254,838 shares to 46,882,257 shares (a 50% increase) as a result of the rights issue. The acquisition was carried out by exercising entitlements in the rights issue rather than through open market purchases.
The promoter group has shown confidence in the company by subscribing to the rights issue, reinforcing their commitment. With combined promoter holding rising to 36.50%, promoters still remain comfortably below the 50% mark and have significant headroom under creeping acquisition limits, reducing chances of a forced open offer trigger. This is generally viewed as a positive signal for retail investors as it suggests insiders believe the stock is fairly or attractively valued.