The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kapil Garg
GYFTR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hindon Mercantile Limited, along with Person Acting in Concert (PAC) Kapil Garg, has acquired 10,26,950 equity shares (8.17% of paid-up capital) of LKP Finance Limited via a Share Purchase Agreement dated August 28, 2024, with the transaction completed on June 4, 2025. Their combined holding has risen from 51.26% (64,43,295 shares) to 59.43% (74,70,245 shares) of the company. Both acquirers have been classified as 'going to become Promoter' of LKP Finance Limited. The total equity capital of the target company remains unchanged at Rs. 12.57 crore, divided into 1,25,68,623 equity shares of Rs. 10 each.
This 8.17% stake increase signals greater promoter commitment and consolidation of control in LKP Finance Limited, which retail investors generally view positively. However, since the acquisition exceeds the typical 5% creeping acquisition limit per financial year, investors should watch for any open offer obligation or further SEBI compliance disclosures.