The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hathor Corporate Advisors LLP & PACs
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Hathor Corporate Advisors LLP, along with PAC Plutus Capital Management LLP, acquired 3,74,513 equity shares (17.78%) of Kuberan Global Edu Solutions Ltd through an off-market transaction on 17th June 2025. The shares were bought from outgoing members of the promoter group under a Share Purchase Agreement and Open Offer both dated 30th October 2024. With this purchase, Hathor's aggregate holding in the company rose from 52.38% (11,03,355 shares) to 70.16% (14,77,868 shares). Hathor is now classified as part of the promoter/promoter group following the completion of the open offer. The total equity capital of the company remains at 21,06,536 shares of Rs 10 each.
This filing finalises the change of control in Kuberan Global Edu Solutions, with the new promoter group now holding over 70% of the company. For retail shareholders, this means very low free float and potential low liquidity in the stock. The stock may see reduced trading volumes going forward, and minority shareholders will now be dealing with a new controlling group whose future plans for the company remain to be seen.