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, has sold its entire holding of 6,80,000 shares (13.60%) in Jayabharat Credit Limited through an off-market deal on 18 September 2025. Post the transaction, the seller holds 0 shares (0.00%) in the company, meaning a complete exit from the stock. The target company's equity share capital remains unchanged at 50,00,000 shares. The acquirer/seller is not part of the promoter or promoter group, so this is a non-promoter divestment.
Shareholders should note that a non-promoter shareholder has fully exited the company, which could lead to changes in the shareholder base. The off-market nature of the deal means the impact on the stock price may be limited in the short term, though the identity of the buyer may influence sentiment.