The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Deepesh Jain
AFIL · price
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On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Deepesh Jain of Akme Fintrade (India) Ltd purchased 8,45,000 equity shares on June 4, 2025 through open market transactions. This raised his personal stake in the company from 1.64% (69,78,800 shares) to 1.83% (78,23,800 shares), an increase of 0.20 percentage points. The disclosure was filed under SEBI's SAST Regulation 29(2), which is triggered when a promoter or major shareholder crosses certain reporting thresholds. The purchase was funded by the promoter personally and carried out entirely on the open market.
A promoter buying shares on the open market is generally viewed as a confidence signal, indicating belief in the company's prospects. However, the increase is modest (0.20%) and from a low base, so it is more a sign of steady promoter support than a major ownership shift.