Disclosure
Awaiting price reaction for this filing.
Shri Niwas Leasing and Finance Ltd has disclosed an acquisition of equity shares by Victory Software Private Limited, which is NOT part of the promoter/promoter group. Victory Software acquired 80,00,000 shares (8.47% of share capital) through an inter-se transfer (off-market) on April 9, 2025. This takes Victory Software's total holding from 4,27,650 shares (10.70%) to 84,27,650 shares (19.17%). The company's total equity share capital increased from 3,99,70,000 to 4,39,67,000 shares (Rs. 10 face value, Rs. 5 paid-up). The acquirer is now sitting very close to the 20% open-offer trigger threshold.
With a non-promoter entity holding 19.17% after this acquisition, any further purchase could trigger a mandatory open offer under SEBI takeover rules, potentially impacting share liquidity and price. Shareholders should monitor for any further disclosures or an open offer announcement.