The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 13, 2025 for Jupiter Capital Pvt Ltd
AXISCADES · price
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Promoter Jupiter Capital Private Limited has released 45,35,000 shares (10.67% of total share capital) from a pledge held in favour of SBI Cap Trustee Company Ltd, effective September 12, 2025. Before the release, 55,39,000 shares (13.03%) were pledged as security; after the release, only 10,04,000 shares (2.36%) remain encumbered. Jupiter Capital continues to hold 2,46,82,047 shares in Axis Cades, representing 58.089% of the company's total share capital. The disclosure was filed with both NSE and BSE under the SEBI Takeover Regulations.
This is a positive development for shareholders — the promoter has significantly reduced the pledged portion of its stake from 13.03% to just 2.36%, lowering the risk of forced share sales and signalling improved financial flexibility at the promoter level. The promoter remains firmly in control with a 58.09% holding, comfortably above the 50% threshold.