The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for JR Seamless Pvt Ltd & PACs
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JR Seamless Pvt Ltd, along with persons acting in concert (PACs) Mahender Agarwal and Udit Agarwal, has disclosed the open market purchase of 31,15,013 equity shares of Credent Global Finance Ltd, taking their total holding to 6.05% of the company's paid-up equity capital. The acquisition was executed on 08 July 2025 through the Bombay Stock Exchange. The acquirer has clarified that it does NOT belong to the promoter or promoter group of Credent Global Finance Ltd. The filing was made under Regulation 29(1), which is triggered when any non-promoter acquirer crosses the 5% shareholding threshold in a listed company.
A new non-promoter entity has crossed the 5% disclosure threshold and now holds over 6% of Credent Global Finance, which may raise governance and concentration-of-holding concerns for retail investors. Shareholders should monitor whether this stake increases further toward higher regulatory thresholds (10%, 14%, etc.) in the coming quarters.