The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pradeep Kumar Jain & PACs
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Cian Healthcare's promoter, Pradeep Kumar Jain, along with PACs Ananta Medicare Limited and Rajesh Jain, have acquired 2,37,50,000 equity shares (95% of total voting capital) through a preferential allotment under a Resolution Plan approved by the NCLT Mumbai Bench on December 18, 2025. The share capital of the company expanded dramatically — from 12,50,000 shares (₹1.25 crore) to 2,50,00,000 shares (₹25 crore), a 20-fold increase. Pradeep Kumar Jain individually holds 19% (47.5 lakh shares), while PAC Ananta Medicare Limited holds 76% (1.9 crore shares). The acquisition date is March 16, 2026. This indicates the company was likely undergoing a corporate insolvency resolution process, with promoters infusing equity to revive it.
Existing minority shareholders face severe dilution as the share base increased 20 times through this preferential issue to the promoter group. With promoters now holding 95%, the public float shrinks drastically, which could lead to low liquidity and higher price volatility. However, the equity infusion through a Resolution Plan may signal a fresh start for the company.