The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Lalit Jain
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Awaiting price reaction for this filing.
Mr. Lalit Jain, along with persons acting in concert (Mr. Ramesh Jain, Ms. Kalpana Jain, and Ms. Saroj Jain — all from the promoter Jain family), acquired 5,00,000 shares of New Markets Avenue Ltd through a preferential allotment on 28 November 2025. The acquisition was disclosed under Regulation 29(1) of the SEBI Takeover Regulations, 2011. After the preferential issue, the combined promoter-group holding stood at 10.12% of the total voting capital — unchanged from before the allotment, indicating the family subscribed to the issue to maintain their proportional stake as new shares were issued.
Neutral for shareholders in percentage terms — the promoter group's ownership did not increase beyond 10.12%. However, it signals continued promoter confidence and their willingness to back the company's capital-raising, which is mildly positive for governance credibility.