The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SPB Trustee Company Pvt Ltd & Others
JUBLINGREA · price
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Awaiting price reaction for this filing.
The promoter group of Jubilant Ingrevia, comprising entities linked to the Bhartia family (SPB Trustee Co, Nikita Resources, Jubilant Enpro, and 15 other PACs), sold 99,55,071 equity shares (6.25% of total capital) through a block deal on the stock exchanges on June 13, 2025. Before the sale, the promoter group held 8,19,88,227 shares (51.47% of the company), including 16 lakh encumbered shares. After the disposal, their aggregate holding fell to 7,20,33,156 shares, or 45.22% of the share capital. The shares were sold by SPB Trustee Company (on behalf of the Shyam Sunder Bhartia Family Trust), Nikita Resources, and Jubilant Enpro. The encumbered portion (1.00%) remained unchanged, and the total share capital of the company stayed the same at ~15.93 crore equity shares of ₹1 each.
This is a significant promoter group divestment that takes their stake below the 50% majority threshold (from 51.47% to 45.22%), which could weigh on the stock in the short term due to supply overhang from the block deal, though the sale was executed transparently through on-market block trade.