The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ananta Medicare Ltd & PACs
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Cian Healthcare Ltd has disclosed a major change in its promoter ownership under SEBI's Takeover Regulations. Ananta Medicare Ltd (the new acquirer, belonging to the promoter group) and two persons acting in concert — Mr. Rajesh Jain and Mr. Pradeep Kumar Jain — have together acquired 2,37,50,000 equity shares, representing 95% of the company's voting capital. The shares were allotted on March 16, 2026, via a preferential allotment under a Resolution Plan approved by the NCLT Mumbai Bench on December 18, 2025. As part of this process, the company's share capital expanded 20 times, from 12.5 lakh shares to 2.5 crore shares (₹1.25 crore to ₹25 crore at ₹10 face value). After the acquisition, Ananta Medicare holds 55% and the PACs together hold 40% of Cian Healthcare.
This is effectively a change of control event — the new promoter group now owns 95% of Cian Healthcare, leaving only 5% with public shareholders. Existing public investors will see their holdings diluted sharply as the share base expanded 20-fold. The NCLT-backed resolution plan suggests the company was undergoing insolvency proceedings, and existing shareholders may have faced significant loss of value. Liquidity in the stock is likely to be very thin going forward.