The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Subba Rao Veeravenkata Meka
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Som Datt Finance Corporation Ltd has reported an allotment of equity shares under its Rights Issue to its promoters and a Key Managerial Personnel, with the shares listed on BSE on July 17, 2025. Promoter Dr. Bhaskara Rao Bollineni received 52.64 lakh shares, taking his holding from 64.36% to 68.80%, while promoter Bhavanam Ruthvik Reddy received 5.50 lakh shares, raising his stake from 5.00% to 6.17%. KMP Subba Rao Veeravenkata Meka was allotted 1,130 shares, lifting his holding marginally to 0.01%. Combined promoter and PAC holding increased from 69.36% to 74.98% of the diluted share capital. The acquisition was carried out under the exemption provided by Regulation 10(4)(a) and 10(4)(b) of SEBI (SAST) Regulations, 2011.
Promoters have subscribed to their Rights Issue entitlement, signalling continued confidence in the company and resulting in a higher promoter shareholding. The combined promoter holding is now nearing the 75% threshold, which could limit room for further creeping acquisitions without triggering open offer obligations.