The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for YUCCA Merchants Pvt Ltd
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On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.2 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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YUCCA Merchants Private Limited, a non-promoter entity, acquired 33,99,59,256 equity shares (13.85%) of Standard Capital Markets Ltd through a preferential allotment on May 19, 2025. Before this acquisition, YUCCA held no shares in the company. The company issued a total of 72,45,74,640 new equity shares (face value Re. 1 each) on a preferential basis, expanding its share capital from Rs. 1,73,00,03,000/- (173 crore shares) to Rs. 2,45,45,77,640/- (245.46 crore shares) — a dilution of about 30% for existing shareholders. YUCCA's 13.85% stake comes entirely from this fresh issuance, meaning existing shareholders were collectively diluted by that share of the issuance.
Existing shareholders face significant equity dilution (~30%) due to the large preferential issue. A new non-promoter entity now owns nearly 14% of the company, which may raise governance and concentration concerns. The stock could see pressure depending on the price at which the preferential shares were issued versus market price.