The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sureshchand Jain HUF
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Sureshchand Premchand Jain (HUF), a promoter group entity of SP Capital Financing Ltd, has disclosed a complete transfer of its shareholding under SEBI SAST Regulation 29(2). The HUF held 2,37,600 equity shares (3.95% of total share capital) before the transaction and now holds zero shares after the transfer. The mode of disposal is an inter-se transfer, carried out as a result of the dissolution of the HUF. The total share capital of the company is 60,12,200 equity shares with a face value of INR 10 each. This is an internal restructuring among promoter family members rather than a sale to the open market.
Since this is an inter-se transfer within the promoter group due to HUF dissolution, the overall promoter shareholding in SP Capital Financing Ltd is unlikely to change materially. Retail investors should note this is a housekeeping/restructuring event and not an actual promoter exit, so it should not directly impact the stock price.