The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(i)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
BAIDFIN · price
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The promoter and promoter group of Baid Finserv Limited acquired shares through a Rights Issue made on December 8, 2025 at Rs. 10 per share (including Rs. 8 premium). Collectively, the promoter group's stake increased from 36.25% to 45.71% of the company's share capital, with 2,50,74,343 shares acquired (85.53% of the total rights issue of 3,00,17,075 shares). Several promoter entities, including Carewell Builders, Dream Realtmart, Tradeswift Developers, and Niranjana Properties, subscribed well beyond their entitlement, taking the total excess subscription to 1101.03%. Two new entities — Revant Trading and Goodfortune Trading — with no prior entitlement acquired shares and were added to the promoter group. No open offer obligation arose as the exemption under Regulation 10(4)(b) was claimed. A filing fee of Rs. 1,77,005.90 was paid to SEBI on December 30, 2025.
This is a strong positive signal of promoter confidence, with the promoter group deepening its ownership from 36.25% to 45.71% — now approaching the 50% control threshold. Heavy oversubscription beyond entitlement indicates promoters are willing to deploy significant personal capital, which is generally reassuring for retail shareholders.