The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vinubhai Nanjibhai Vekaria
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Vinubhai Nanjibhai Vekaria, a non-promoter acquirer, has disclosed the acquisition of 17,95,000 equity shares (17.95%) in Yash Trading and Finance Limited (BSE: 512345) under SEBI Takeover Regulations. The acquirer held no shares prior to this transaction. The shares were acquired through a preferential allotment route along with a Share Purchase Agreement, of which 8,95,000 shares will be transferred only after completion of the open offer. The company's equity share capital expanded from Rs. 3 crore (30 lakh shares) to Rs. 10 crore (1 crore shares) as part of this transaction. The acquired shares carry face value of Rs. 10 each and rank pari passu with existing equity shares.
This is a significant stake acquisition by a new non-promoter shareholder, bringing their holding close to the 25% open offer trigger threshold under SEBI takeover rules. Retail shareholders should watch for further disclosures, potential open offer announcements, and any shift in the company's ownership and control dynamics.