The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pavankumar Trivedi
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Pavankumar Dhirajlal Trivedi has disclosed an acquisition of 11,80,000 equity shares (11.80%) in Yash Trading and Finance Limited under SEBI's SAST Regulations. The acquirer is not part of the promoter or promoter group of the company. The acquisition was done via preferential allotment and a Share Purchase Agreement (SPA), with 9,00,000 shares allotted on a preferential basis and 2,80,000 shares to be transferred after completion of the open offer. The company's share capital expanded from Rs. 3 crore (30 lakh shares) to Rs. 10 crore (1 crore shares), indicating a significant capital raise along with this acquisition.
A non-promoter acquiring 11.80% stake signals a meaningful change in the company's shareholder base and may introduce a new influential shareholder. Combined with the preferential allotment and expanded share capital, retail investors should watch for follow-up disclosures related to the open offer and the post-allotment shareholding pattern.