The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Linta P Jose
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Linta P Jose has acquired 5,00,000 equity shares (6.36%) of Hari Govind International Ltd (Scrip code: 531971) through a preferential allotment on 21 August 2025. The company's equity share capital expanded from Rs. 5,00,00,000 (50,00,000 shares of Rs. 10 each) to Rs. 7,85,75,000 (78,57,500 shares of Rs. 10 each). This filing is a mandatory disclosure under Regulation 29(1) of the SEBI Takeover Regulations, triggered because the acquirer's holding crossed the 5% disclosure threshold. The document does not specify whether Linta P Jose belongs to the promoter/promoter group of Hari Govind International Ltd.
Existing shareholders of Hari Govind International Ltd face a 6.36% dilution of their stake due to the new preferential issue, but the company gains a sizeable new shareholder. The preferential route means fresh capital infusion at a price agreed privately, and any further acquisitions by this acquirer crossing 10% could trigger an open offer obligation.