The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vijay Kumar Jain
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Vijay Kumar Jain, who is not part of the promoter/promoter group, acquired 7,00,000 equity shares of Inter Globe Finance Ltd through a preferential allotment, representing 5.16% of the company's total voting capital. Before this acquisition, the acquirer held no shares in the company. The shares were allotted on 06/11/2025 and will rank pari-passu with existing equity shares. Post-allotment, the company's total equity share capital increased from 1,09,52,295 shares (Rs. 10.95 crore) to 1,35,64,295 shares (Rs. 13.56 crore). This disclosure was filed under SEBI's Substantial Acquisition of Shares and Takeovers Regulations for crossing the 5% shareholding threshold.
The preferential allotment to a non-promoter acquirer dilutes existing shareholders by about 24% and introduces a new significant shareholder at 5.16%. While this brings fresh equity into the company, retail investors should watch for the purpose of funds raised and monitor any further acquisitions by the same acquirer as they approach the 10% creeping acquisition limit.