Reg 10(6) disclosure for creeping acquisition by Vishnubhai V Patel and Others

Creeping Acquisition Near ThresholdOwnership Changes View source PDF

Price

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▲ 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———

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AI summary

BSE has received a disclosure under Regulation 10(6) of SEBI SAST Regulations, 2011 from Vishnubhai V Patel and Others in Jhaveri Credits and Capital Ltd. This regulation applies to creeping acquisitions, where an acquirer already holding 25 percent or more shares buys up to an additional 5 percent in a financial year. Specific deal size and price details were not disclosed in the filing.

Likely market impact

Suggests promoter group or persons acting in concert are gradually raising their stake through permitted creeping acquisition route; neutral to mildly positive for stock.