Fino PayTech Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Fino PayTech Limited (a related entity to Fino Payments Bank) has filed a disclosure with the exchange under Regulation 31(4) of the SEBI Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011. This regulation deals with the annual creeping acquisition limits that apply to shareholders already holding more than 5% of a company's shares, restricting how much more they can buy per financial year without making an open offer. The exact shareholding percentage, the nature of the acquisition (purchase or encumbrance), and whether any threshold limits were breached are not specified in the headline.
This is a routine regulatory disclosure and by itself does not indicate a major event. Shareholders should monitor for further details on Fino PayTech's exact holding and whether the disclosure signals any meaningful change in ownership that could affect shareholding patterns in Fino Payments Bank.