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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Non-promoter acquirers Mr. Chetan Burman (1,90,000 shares) and Mr. Pradip Burman (1,25,000 shares), acting in concert, acquired a total of 3,15,000 equity shares in Jetking Infotrain Ltd via preferential allotment on May 23, 2025. This acquisition raised their combined holding from 4.11% (2,43,029 shares) to 8.85% (5,58,029 shares), crossing the 5% disclosure threshold. The filing explicitly states the acquirers do not belong to the promoter/promoter group. The company's total equity capital expanded from 59,07,500 shares to 63,03,656 shares following the preferential allotment, resulting in dilution for existing shareholders.
A new non-promoter substantial shareholder has emerged at 8.85%, which could attract further buying interest but also introduces dilution. Existing shareholders should note the preferential allotment structure and watch for any further acquisitions approaching the 10% or 15% takeover thresholds.