The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for RRB Securities Ltd
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RRB Securities Ltd, part of the promoter group of HB Leasing & Finance Company Ltd, has filed a revised disclosure (correcting a typo in the original March 13, 2025 filing) for the acquisition of 5,20,000 equity shares through a preferential allotment on March 12, 2025. RRB Securities' individual stake rose from 1.07% (1,18,193 shares) to 4.96% (6,38,193 shares). HB Stockholdings Ltd, another promoter group entity, also received 6,40,000 shares (4.98%). Combined promoter group holding increased from 39.20% to 42.73% of the company. The total share capital of HB Leasing expanded from 1,10,62,731 to 1,28,62,731 equity shares of Rs. 10 each, indicating a broader preferential issue to multiple allottees.
The promoter group has strengthened its control in HB Leasing, with combined holding crossing 42%. The acquisition is via preferential allotment rather than open market, so no cash outflow from the promoter; however, it signals continued promoter confidence and consolidation of ownership. Shareholders should note the dilution from the broader preferential issue, though promoter participation helps anchor the raise.