The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vinodbhai Patel
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Vinodbhai Ishwarbhai Patel has acquired 42,166 equity shares (0.38% of the share capital) of Jhaveri Credits & Capital Ltd on June 29, 2026, through an allotment made under the Scheme of Amalgamation between the company and U R Energy (India) Private Limited. The shares were received in an exchange ratio of 253 shares of the company for every 500 shares held in U R Energy, following NCLT Ahmedabad's approval on March 16, 2026. Prior to the transaction, the acquirer held no shares in Jhaveri Credits; post-transaction holding stands at 42,166 shares (0.38%). The acquisition qualifies for exemption from making an open offer under Regulation 10(1)(d)(ii) of SEBI SAST Regulations, which covers amalgamations approved by NCLT.
This is a routine regulatory disclosure resulting from a court-approved merger and is not a market purchase. Share dilution is minimal at 0.38%, and no open offer is triggered. Neutral impact on the stock; existing shareholders are unaffected as no cash consideration is involved.