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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On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 2.1 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Pramod Kumar Jain disclosed under SEBI Takeover Regulations that he acquired 4,20,000 equity shares (3.83%) of Inter Globe Finance Ltd through a preferential allotment on 16 October 2025. His individual holding rose from 4.46 lakh shares (4.99%) to 8.66 lakh shares (7.91%). The allotment was part of a broader preferential issue to multiple promoter-group members, which increased the company's total share capital from 89.57 lakh to 1.09 crore equity shares. Total promoter-group holding after the allotment stands at 58.82%, up from about 53.83% earlier.
This is a promoter-group preferential allotment that strengthens the existing promoters' control of the company without bringing in any new non-promoter shareholders, which is generally viewed as a confidence signal but dilutes non-promoter shareholders by around 18% on a fully diluted basis.