The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pramod Kumar Jain
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Pramod Kumar Jain, part of the promoter group of Inter Globe Finance Ltd, acquired 4,87,000 equity shares (3.59%) through a preferential allotment on 06/11/2025. His holding rose from 8,66,625 shares (7.91%) to 13,53,625 shares (9.98%) of the company. The preferential allotment also increased the total equity share capital from ₹10.95 crore to ₹13.56 crore. The disclosure was filed under Regulation 29(2) of SEBI's SAST Regulations, 2011.
This signals continued promoter confidence and skin-in-the-game, as the promoter is increasing his stake rather than diluting. However, the preferential allotment diluted existing shareholders' proportional holdings, and the promoter is now sitting just below the 10% SAST disclosure threshold, which could attract further regulatory attention if holdings inch higher.