The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HB Stockholdings Ltd
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HB Stockholdings Ltd, a promoter group entity of HB Leasing & Finance Company Ltd, has filed a revised disclosure to correct a typo in the original 13 March 2025 filing. The revision relates to a preferential allotment of 640,000 equity shares (4.98% of total equity) made to HB Stockholdings Ltd on 12 March 2025. Along with RRB Securities Ltd (another promoter group entity) receiving 520,000 shares, the total promoter group holding rose from 39.20% (4,336,856 shares) to 42.73% (5,496,856 shares). The target company's total equity share capital expanded from 1.10 crore to 1.28 crore shares of Rs 10 each, indicating fresh capital infusion via preferential allotment. Individual promoter Lalit Bhasin's stake dipped from 37.32% to 32.10% due to dilution despite unchanged share count.
The preferential allotment strengthens promoter group control from 39.20% to 42.73%, though still below the 50% majority threshold. For shareholders, this signals fresh capital infusion and continued promoter confidence, but also means dilution of non-promoter shareholdings since the share count expanded by roughly 16%.