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, part of the promoter/promoter group of Inter Globe Finance Ltd, has disclosed an acquisition of 10,00,000 equity shares (7.37%) under SEBI SAST Regulation 29(2). The shares were acquired via Preferential Allotment on 06/11/2025, increasing her holding from 20,92,511 shares (19.11%) to 30,92,511 shares (22.80%). The company's total equity share capital expanded from Rs. 10.95 crore to Rs. 13.56 crore, indicating the preferential issue diluted existing shareholders. No encumbrance, warrants, or convertible securities are involved in this transaction.
Promoter增持 signals confidence in the company, but the preferential allotment means fresh equity was issued to the promoter at a fixed price, diluting existing public shareholders. With the promoter holding now at 22.80%, the 25% SAST takeover threshold is approaching — any further acquisitions beyond 25% would trigger an open offer obligation.