The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mahendra V Doshi & PACs
GYFTR · price
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The Promoter Group of LKP Finance Limited (Scrip Code: 540192), led by Mahendra V. Doshi along with PACs, has sold 44,46,227 equity shares representing 35.38% of the company's paid-up equity capital. The buyers are Hindon Mercantile Limited and Mr. Kapil Garg, via a Share Purchase Agreement dated August 28, 2024, with the transaction completed/intimated on March 28, 2025. As a result, the Promoter Group's aggregate holding has fallen sharply from 56,96,312 shares (45.32%) to just 12,50,085 shares (9.95%). The filing is a disclosure under Regulation 29(2) of the SEBI Takeover Regulations, 2011. Note: Despite the BSE headline tagging Gyftr Ltd, the disclosure clearly pertains to LKP Finance Limited.
This is a near-complete promoter exit and effective change of control at LKP Finance, with the Promoter Group ceding majority economic interest to two new acquirers. Shareholders should expect significant stock price volatility and potential open offer / corporate governance changes as control shifts.