The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Falguni V Shah & Others
HUBTOWN · price
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Awaiting price reaction for this filing.
Hubtown's promoter group, led by Falguni V. Shah along with persons acting in concert (Hemant Shah, Kushal Shah, Vyomesh Shah and related entities), has acquired 15,81,747 equity shares (1.19% of voting capital) on May 13, 2025. The acquisition happened through the conversion of warrants issued earlier on a preferential basis to promoter group members, not through an open market purchase. Post-acquisition, the promoter group's total holding has risen from 28.81% to 31.01% of Hubtown's voting capital. Falguni Shah's individual holding rose from 0.53% to 1.70%, while the rest of the promoter group's holding moved from 19.25% to 20.56%. The company still has 83,81,935 warrants pending conversion, which could further raise promoter stake in the future.
The promoter group's stake has gone up, signalling continued promoter confidence in the company, but because this came through pre-agreed warrant conversion rather than a fresh market purchase, it is unlikely to cause any immediate share price reaction. Investors should note that further promoter stake increases are possible as more warrants get converted.