The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manju Jain
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Manju Jain, on behalf of herself and other promoter group members (Persons Acting in Concert), disclosed acquisition of 16,20,000 equity shares (14.79%) of Inter Globe Finance Ltd through a preferential allotment dated 16 October 2025. As a result, the promoter group's total holding increased from 53.84% to 58.82% of the company's voting capital. The total share capital of the company expanded from 89,57,295 to 1,09,52,295 equity shares, reflecting the fresh preferential issue. The allotment was distributed among 12 promoter group entities, with the largest individual allotments going to Pramod Kumar Jain (4,20,000 shares) and Rakhi Jain (2,50,000 shares). No individual allottee crossed the 5% post-issue threshold, and the group collectively remained below the open offer trigger.
Promoter group's increased stake from 53.84% to 58.82% signals stronger promoter commitment and control, which is generally viewed positively by retail investors. However, the preferential allotment also diluted existing non-promoter shareholders, as the total share base grew by roughly 22%.