Announced Wed, 1 Jul · 17:11 IST
Promoter group acquires 10.62% stake via amalgamation scheme
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.9%1-day move
₹204.95
prior close
₹193.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-3.9-2.4-1.4-6.3-3.9-6.3-9.5———
Up moveDown movePending
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.