The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Siddarth S Bharwani & PACs
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Siddarth S. Bharwani along with two brothers (Harsh S. Bharwani and Avinash S. Bharwani), all members of the promoter group, collectively acquired 48,690 equity shares (16,230 each) of Jetking Infotrain Ltd through a preferential allotment on May 23, 2025. The acquisition represents 0.77% of the total share capital. As a result, the promoter group's combined holding rose in absolute terms from 31,93,641 shares to 32,42,331 shares, though their percentage holding dipped slightly from 54.06% to 51.44% because the total share capital expanded from 59,07,500 to 63,03,656 shares (a larger preferential issue diluted their proportion). The disclosure was filed on May 27, 2025 with BSE.
This is a positive signal showing continued promoter confidence and willingness to invest more capital into the company. However, since the broader preferential allotment expanded the share base, the promoter group's ownership percentage marginally decreased, meaning non-promoter investors also received allotments worth watching.