The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jyothish A R
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SI Capital & Financial Services Ltd has filed a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011. The disclosure pertains to acquirer Jyothish A R, who has acquired equity shares carrying voting rights in the company. Pre-acquisition holding stood at 923 shares, and post-acquisition holding has risen substantially to around 50.50 lakh equity shares, reflecting a significant jump in stake. The total consideration for the acquisition appears to span three tranches aggregating to roughly Rs 14.45 crore (Rs 4.35 crore + Rs 5.05 crore + Rs 5.05 crore). No encumbrance (pledge, lien, or non-disposal undertaking) is involved in the transaction.
This is a creeping acquisition disclosure triggered by the acquirer's holding crossing prescribed SAST thresholds, signalling a sizeable new shareholder entering the company. Retail investors should monitor whether this is a promoter-linked entity, as it could indicate a change in control or promoter group consolidation. The stock may see short-term price volatility due to the large change in shareholding.