Announced Wed, 1 Jul · 17:13 IST
Promoter group acquires 10.62% via amalgamation, stake rises to 63.24%
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 group of Jhaveri Credits & Capital Ltd acquired 11,78,605 equity shares (10.62%) via allotment under a Scheme of Amalgamation on June 29, 2026. Combined promoter holding rose from 61.60% to 63.24%. The company issued new shares, expanding equity capital from 94.85 lakh to 1.11 crore shares of Rs 10 each.
Likely market impact
Promoters consolidating control through a court-approved amalgamation. Existing public shareholders face about 1.6% dilution from new shares issued in the merger.