Yogen Khosla has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
CAPTRUST · price
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Promoter Yogen Khosla has reported to the stock exchanges that he acquired additional equity shares of Capital Trust Limited by subscribing to the company's Rights Issue, claiming exemption under Regulation 10(4)(a) and 10(4)(b) of the SEBI Takeover Regulations. His holding rose from 3,972,431 shares (23.35% of share capital) before the transaction to 12,572,346 shares (36.96%) after the transaction, an increase of roughly 8.6 lakh shares or about 13.6 percentage points. No open offer is triggered because the acquisition qualifies as a rights issue subscription. The promoter remains below the 50% takeover threshold, but is now significantly closer to it.
Positive signal for existing shareholders — the promoter is putting fresh capital into the company by subscribing to the rights issue, showing confidence. However, the promoter is approaching the 50% control threshold, which reduces the likelihood of a future takeover bid from third parties and concentrates voting power with the promoter.