The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Fedex Finance Pvt Ltd
SOFTTECH · price
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Fedex Finance Private Limited has disclosed acquisition of 22,46,998 equity shares (16.23%) of Softtech Engineers Ltd through open market purchase on May 7, 2026. The total consideration was approximately Rs.13.84 crore. Prior to this acquisition, Fedex Finance held NIL shares in the company. After the acquisition, Fedex Finance holds 16.23% of the total share capital of 1,38,42,138 equity shares (face value Rs.10 each). The acquirer has confirmed it does not belong to the promoter/promoter group, and there are no encumbrances or pledges on the acquired shares.
A non-promoter entity acquiring a 16.23% stake via open market purchase may indicate institutional or strategic interest. At 16.23%, the acquirer is below the 25% SAST threshold but holds a significant minority position, which could influence future corporate governance or control dynamics.