The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Satyen Suresh Jain
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Satyen Suresh Jain, a member of the promoter group of SP Capital Financing Ltd, has disclosed an inter-se transfer of 1,37,600 equity shares (2.29% of the company's share capital). Prior to the acquisition, his individual holding stood at 1,25,600 shares (2.09%), which has now risen to 2,63,200 shares (4.38%). Since the transfer was between members of the promoter group, the total promoter shareholding in the company remains unchanged. The company's total equity share capital continues to be Rs 6,01,22,000, comprising 60,12,200 shares of Rs 10 each.
This is a reshuffle within the promoter group rather than a fresh market purchase, so overall promoter control and voting power stay the same. Minor retail investors should note no change in promoter ownership percentage, and the acquirer's holding remains below the 5% disclosure threshold.