The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manju Devi Jain
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Manju Devi Jain, identified as a promoter of Akme Fintrade (India) Ltd, has acquired 28,30,000 equity shares (0.66% of paid-up capital) through the open market on 27 May 2025. Following this purchase, her shareholding in the company increased from 2,23,14,800 shares (5.23%) to 2,51,44,800 shares (5.89%). The transaction was carried out at the exchanges (BSE and NSE). The filing is a routine SEBI disclosure under the Takeover Regulations to inform the exchanges of the change in promoter's stake.
This is a modest open-market purchase by a promoter, which is generally viewed as a positive confidence signal by retail investors. However, the promoter's total holding remains relatively small at 5.89%, so there is no significant change in control or ownership dynamics.