The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sunlike Exim Pvt Ltd
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Sunlike Exim Private Limited has disclosed acquisition of 28,00,000 fully paid-up equity shares of Classic Leasing & Finance Limited under SEBI Takeover Regulations. The shares were acquired via preferential allotment on January 9, 2026, representing 22.86% of the total equity and voting capital. Before this acquisition, Sunlike Exim held zero shares; after the allotment, it holds 22.86% (28 lakh shares). The acquirer is explicitly NOT part of the promoter or promoter group of the company. As a result of this preferential issue, Classic Leasing & Finance's equity share capital expanded from Rs. 3.00 crore (30 lakh shares) to Rs. 12.25 crore (1.225 crore shares) of Rs. 10 each.
Classic Leasing & Finance Ltd has issued fresh equity shares, leading to significant dilution for existing shareholders. A new non-promoter entity, Sunlike Exim Pvt Ltd, has become a substantial shareholder with nearly a quarter stake, which may influence future corporate decisions and governance dynamics of the company.