Disclosure
Awaiting price reaction for this filing.
Genesis Developers and Holdings Limited, which is not part of the promoter/promoter group, has acquired additional equity shares in Shri Niwas Leasing and Finance Ltd through an inter-se (off-market) transfer dated 09-04-2025. Prior to the acquisition, Genesis held 2,33,700 shares (5.85% stake). After the acquisition, its holding has risen to 96,33,700 shares, representing a 21.91% stake in the company. The acquisition increased its voting share capital exposure by roughly 16 percentage points, making it a significant non-promoter shareholder.
This is a notable change in the company's shareholder structure, with a single non-promoter entity consolidating a substantial 21.91% stake via off-market transfer. Existing minority shareholders should note this concentration of ownership, though no open-offer trigger appears to have been activated since this is an inter-se transfer among existing holders.