The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Radiant Computech Pvt Ltd
CONFIPET · price
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Confidence Petroleum India Ltd has informed the exchanges about a disclosure filed by Radiant Computech Private Limited under SEBI's takeover regulations. Radiant Computech, which is not part of the promoter/promoter group, acquired 2,82,29,120 equity shares (8.50% of total share capital) of Confidence Petroleum through an off-market transfer on June 2, 2026. Before this acquisition, Radiant Computech held no shares in the company, meaning this is a fresh entry that crosses the 5% disclosure threshold. The total equity capital of Confidence Petroleum stands at 33,22,41,043 shares of face value INR 1 each.
A new non-promoter entity has built an 8.50% stake in Confidence Petroleum via an off-market deal, which means no open-market buying pressure occurred but signals a strategic or related-party interest in the company. Shareholders should watch for further disclosures if this stake moves closer to the 10% mark, as that would trigger additional regulatory requirements.