The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Aditya Vikram Kanoria & Mandeep Singh
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Credent Global Finance allotted 1,00,00,000 equity shares (face value Rs. 2 each) to Qualified Institutional Buyers (QIBs) via a Qualified Institutional Placement (QIP) on February 19, 2026. This raised the total share count from 5,14,61,230 to 6,14,61,230 shares, increasing equity capital from Rs. 10.29 crore to Rs. 12.29 crore. Because no new shares were issued to promoters, their percentage holdings were diluted: Aditya Vikram Kanoria fell from 15.69% to 13.14%, and Mandeep Singh fell from 15.40% to 12.89%. Combined promoter holding now stands at approximately 26.03% of the company. No shares were sold or encumbered by the promoters in this transaction.
This is a passive dilution event, not a promoter exit – promoters did not sell shares. The QIP brings fresh institutional capital into the company but reduces promoters' proportional control. For shareholders, the key takeaway is that promoter influence has weakened further (now well below 50%), while institutional investors have gained a larger seat at the table.