In accordance to regulation 30 of SEBI (LODR) Regulations, 2015 and in connection to the public announcement dated November 29, 2024 and November 30, 2025 pertaining to acquisition of shares ....
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On the reaction day the stock moved 9.2 pts more than Nifty Microcap 250 and 10.0 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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GSB Finance Ltd has received Reserve Bank of India (RBI) approval for the acquisition of 55.25% of its paid-up equity share capital and control by a new promoter group comprising Mr. Vivek Kumar Singhal, Mr. Kshitij Agarwal, Nivesh Mandi Private Limited, and Stock Mandi. This follows public announcements made on November 29 and November 30, 2024, regarding the proposed change in control. As GSB Finance is an NBFC regulated under RBI's Scale Based Regulation, this prior RBI approval was a mandatory step. The approval is valid for one year, after which it lapses if the transaction is not completed, and the acquirers must maintain at least 26% shareholding post-acquisition.
This is a major change-of-control event for the listed NBFC. With regulatory clearance now in hand, the acquirers can proceed to complete the transaction and trigger the mandatory open offer to public shareholders, which may bring fresh liquidity and potential pricing implications for retail investors.