The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Keval Jayanti Khudai & PACs
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Keval Jayanti Khudai, along with his Persons Acting in Concert (PACs), acquired 516,533 equity shares (11.77%) of Jattashankar Industries Ltd through an off-market share purchase agreement dated December 20, 2024, at Rs. 60 per share. The seller was Mr. Jattashankar Poddar. After this acquisition, the acquirer's total holding rose to 700,000 shares, representing 15.96% of the company's share capital. The acquisition was completed after complying with mandatory Open Offer requirements under Regulation 3(2) of the SEBI Takeover Regulations. The acquirer has explicitly stated that he does not belong to the promoter or promoter group of the company. The acquisition was completed on August 1, 2025.
This is a substantial block deal that has crossed the 15% shareholding threshold, triggering disclosure obligations under SAST regulations. Since the acquirer is not part of the promoter group, this represents a change in the non-promoter shareholder base rather than a change in controlling interest, which may be neutral to existing shareholders but signals a notable shift in ownership structure.