The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chartered Finance & Leasing Ltd & PACs
KRITINUT · price
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Chartered Finance & Leasing Ltd along with persons acting in concert (Anantroop Financial Advisory, Sanjay Kothari HUF, Krishnashray Brothers, and Meenakshi Kothari) have disclosed an open market acquisition of 10,40,793 equity shares (2.08% of share capital) of Kriti Nutrients Ltd over the period from June 2015 to May 2025. The acquirer has explicitly stated that it does not belong to the promoter or promoter group. With this acquisition, their combined holding in the company has risen from 4.99% to 7.07%, meaning the acquirer and PACs together now hold 35,42,682 shares of the company. The acquisition was made through open market purchases and brings them closer to the 10% open offer trigger threshold under takeover regulations.
A non-promoter entity steadily increasing its stake to 7.07% signals possible creeping acquisition. Shareholders should watch if this stake crosses 10%, which would trigger a mandatory open offer, potentially affecting stock price and control dynamics of the company.