The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Khilen V Shah & Others
HUBTOWN · price
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Awaiting price reaction for this filing.
Promoter group member Khilen V. Shah, along with persons acting in concert, has increased his shareholding in Hubtown Limited by 15,81,747 shares (1.13% of total share capital), taking his individual holding from 3.00% to 4.10%. The acquisition was made through conversion of preferential warrants, not open market purchase. The total promoter group holding in Hubtown has now risen from 33.34% to 34.10% of the company's share capital. The conversion happened on October 3, 2025, with the company having issued 1.25 crore warrants to the promoter group, of which 1.03 crore have now been converted into equity shares, leaving about 21.3 lakh warrants still pending conversion.
This is a non-cash, structural increase in promoter ownership and signals continued promoter confidence in the company. Since the acquisition is via warrant conversion (not market purchase), there is no immediate buying pressure on the stock price. Promoter group remains comfortably below the 50% mark and well within SEBI takeover thresholds.