1729 Advisor LLP has submitted a letter dated November 20, 2025, to the Exchange informing about an update on RBI approval in connection to earlier disclosure dated May 20,2025 of 1729 ....
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1729 Capital, along with its associates, has received post facto (after-the-fact) approval from the Reserve Bank of India (RBI) on November 13, 2025 for acquiring an aggregate 7.14% stake in Suryoday Small Finance Bank. This approval follows an earlier disclosure made to the exchange on May 20, 2025 under Regulation 29 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. 1729 Capital holds an SEBI registration (INMUFP054918) suggesting Foreign Portfolio Investor status. Importantly, RBI has now removed the earlier restriction that had capped the acquirer's voting rights at less than 5% pending approval, meaning the full 7.14% stake can now carry its actual voting power.
The removal of the voting cap is a positive development, as it eliminates the prior regulatory overhang and allows 1729 Capital to exercise full voting influence on its 7.14% holding. Existing shareholders should note that a new meaningful shareholder now has unrestricted say in bank matters, which could influence future governance decisions.