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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On the reaction day the stock moved 4.2 pts more than Nifty Microcap 250 and 4.9 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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The Motor & General Finance Ltd, a non-promoter entity, sold 7,20,000 shares (14.4%) of Jayabharat Credit Ltd through an off-market transaction on 11 September 2025. Its holding in Jayabharat Credit has dropped from 14,00,000 shares (28.0%) to 6,80,000 shares (13.6%), nearly halving its stake. The equity share capital of Jayabharat Credit remains unchanged at 50,00,000 shares. The transaction was carried out off-market and the acquirer has confirmed it is not part of the promoter or promoter group.
This is a significant stake sale by a non-promoter shareholder, reducing its holding well below the 26% creeping acquisition threshold. For retail investors, this indicates a major shareholder exiting partially, which could affect shareholding pattern and may influence sentiment depending on the buyer's identity.