The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chetan Burman & PACs
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Mr. Chetan Burman, along with person acting in concert (PAC) Mr. Pradip Burman, has disclosed acquisition of 3,15,000 equity shares (4.99% of the paid-up capital) of Jetking Infotrain Ltd through a Preferential Allotment on May 23, 2025. Prior to this acquisition, the acquirer along with PACs held 2,43,029 shares (4.11%); post-acquisition, their combined holding stands at 5,58,029 shares, representing 8.85% of the voting capital. The filing explicitly states that the acquirers do NOT belong to the Promoter/Promoter Group of the company. The company's total equity share capital expanded from 59,07,500 to 63,03,656 shares (face value INR 10 each) as a result of this preferential issue.
This is a non-promoter entity crossing the 5% disclosure threshold (and now sitting close to the 10% open-offer trigger). Retail shareholders should note fresh dilution from the preferential allotment and the rising stake of a single non-promoter group, which could increase volatility or attract takeover-related speculation if the holding approaches 10%.