Promoter group acquires 10.62% stake via amalgamation scheme

Acquisition announcedScheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.9%Reaction day

₹204.95

prior close

₹193.30

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.9%-1.7% vs market

Other Financial Services peers, median of 83sector+0.1%-1.0% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 1.0 pts less than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+6.0

10m

+6.0

15m

+2.9

30m

+4.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.9+0.9-1.7+0.1-1.0

Next day

-3.9+0.5-4.4+0.3-4.2

-2.4+0.7-3.1+0.0-2.4

-1.4+0.0-1.5-0.2-1.3

-6.3-2.0-4.3-1.1-5.2

-3.9-0.1-3.8-0.7-3.2

-6.3+1.4-7.7-1.0-5.3

15d

-9.5-1.4-8.1-1.6-7.9

-10.2+1.3-11.6-0.4-9.8

—+3.8—-1.7—

-5.3+2.9-8.2-6.6+1.2

UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 83Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The promoter and promoter group of Jhaveri Credits and Capital Ltd acquired 11,78,605 equity shares (10.62%) through allotment under a Scheme of Amalgamation with U R Energy (India) Private Limited, sanctioned by NCLT Ahmedabad on March 16, 2026. Swap ratio was 253 shares of the company for every 500 shares held in U R Energy. Promoter holding rose from 61.60% to 63.24%. Acquisition is exempt from open offer under Regulation 10(1)(d)(ii) of SEBI SAST Regulations.

Likely market impact

No open offer triggered. Promoter holding rises to 63.24% via NCLT-approved amalgamation. Public shareholding marginally reduces.