The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dr Bhaskara Rao Bollineni & Others
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Som Datt Finance Corporation Ltd. filed a disclosure under SEBI's Takeover Regulations regarding the allotment of equity shares to its promoters and a Key Managerial Personnel (KMP) under a Rights Issue, allotted on July 15, 2025 and credited on July 17, 2025. Promoter Dr. Bhaskara Rao Bollineni was allotted 52,64,769 shares, taking his holding from 64.36% to 68.80%. Promoter Mr. Bhavanam Ruthvik Reddy was allotted 5,50,217 shares, raising his stake from 5.00% to 6.17%. KMP Mr. Subba Rao Veeravenkata Meka received 1,130 shares, lifting his holding from 0.00% to 0.01%. Combined promoter and KMP holding in the company moved from 69.36% to 74.98% of the diluted share capital. The acquisition is exempt from open offer obligations under Regulation 10(4)(a) and 10(4)(b) of the SAST Regulations.
Promoters have significantly boosted their stake through the rights issue, signaling strong confidence in the company. The combined holding is now approaching the 75% takeover threshold, which could limit future flexibility for stake changes without triggering regulatory obligations.