The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for JR Seamless Pvt Ltd & PACs
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.7 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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JR Seamless Private Limited along with PACs Mahender Agarwal and Udit Agarwal purchased 5,54,578 equity shares of Credent Global Finance Ltd in the open market between 9 July 2025 and 30 September 2025. The acquirers are NOT part of the promoter/promoter group. Their combined holding rose from 31,15,013 shares (6.05%) to 36,69,591 shares (7.13%) of the company's equity capital. The company's total equity share capital is 5,14,61,230 shares of Rs. 10 each. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, which requires reporting of creeping acquisitions beyond the 5% threshold. Note: there appears to be a data inconsistency in the filing — the covering letter mentions a change of 'more than 2%', while the detailed table shows a 1.07% change, and the 'encumbrance' sub-row in the acquisition table appears to contain data that should belong to voting shares.
A non-promoter entity has steadily built its stake from 6.05% to 7.13% over the quarter through open market buys. This may indicate some external investor confidence in the stock, but since the acquirer is outside the promoter group, it does not change control dynamics or promoter holding. Shareholders should watch whether further buying pushes the stake toward the 10% disclosure mark.