The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Stock & Securities India Pvt Ltd
JISLJALEQS · price
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Stock & Securities India Pvt Ltd, part of the promoter group (represented by Anil B. Jain), acquired 1,63,21,607 equity shares of Jain Irrigation Systems on 22nd May 2025 through conversion of warrants into ordinary equity shares at Rs. 46.64 per share. The promoter group's stake in JISL rose from 25.87% to 26.96% on a voting capital basis (24.32% to 26.60% on a diluted basis), an increase of about 2.42 percentage points. The acquisition was part of a preferential allotment. JISL's total equity share voting capital expanded from 67.37 crore to 69.00 crore shares post-allotment.
This is a positive sign of promoter confidence, with the promoter group deepening its stake in JISL through warrant conversion rather than selling. It reduces dilution concerns and signals continued promoter commitment, though overall promoter holding remains under the 50% mark.