The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jujhar Constructions & Travels Pvt Ltd
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Jujhar Constructions & Travels Pvt Ltd has disclosed the acquisition of 7,18,140 equity shares (7.78% of paid-up capital) of CDG Petchem Ltd under an open offer process, pursuant to a Share Purchase Agreement dated April 8, 2025 with the existing promoters. After this acquisition, Jujhar's total holding rises to 56,18,140 shares, representing 68.61% of voting rights (including 5.65% via warrants), up from 53.06% earlier. The acquirer has also stated it will become the new promoter of the company after completing the acquisition of the remaining 11,92,912 equity shares under the SPA. The acquisition was completed on November 19, 2025 and the disclosure was filed under SEBI SAST Regulation 29(2).
This is a change-of-control transaction where an incoming promoter is consolidating majority ownership through a formal open offer, which is positive for share liquidity and governance clarity but means existing minority shareholders now have a single majority owner. The open offer price and any subsequent delisting plans would be the key things for retail investors to watch.