The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for The Motor & General Finance Ltd
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The Motor & General Finance Ltd, a non-promoter entity, sold 7,72,300 shares (15.446% of the equity capital) of Jayabharat Credit Ltd through an off-market transaction on 08 September 2025. Prior to the sale, the entity held 21,72,300 shares (43.446%); after the sale, its holding stands at 14,00,000 shares (28.000%). No encumbrance or voting rights other than by shares were involved. The total equity share capital of Jayabharat Credit Ltd remains unchanged at 50,00,000 shares. The transaction was disclosed to BSE under the SEBI Takeover Regulations due to the 2%+ change in holding.
A non-promoter large shareholder has significantly trimmed its position by over 15 percentage points in Jayabharat Credit Ltd via off-market route, which may put downward pressure on the stock depending on whether the buyer is a long-term holder or a transient investor. Shareholders should monitor for any block deals or creeping acquisition disclosures from the new buyer.