The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajesh Jhaveri
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Rajesh Nanubhai Jhaveri, a non-promoter investor, acquired 13,21,000 equity shares (3.30%) through conversion of equity share warrants into shares. The transaction was completed on 25/05/2026 via preferential allotment. Prior to this, Jhaveri held 20,00,000 shares (5.17%) plus 13,21,000 warrants. After conversion, his total holding increased to 33,21,000 shares representing 8.31% of the voting capital. The company's total share capital expanded from 3,86,62,650 to 3,99,83,650 equity shares due to this warrant conversion.
Non-promoter investor increased stake by approximately 3.14 percentage points through warrant conversion. This is a gradual accumulation that brings holdings closer to the 10% threshold, though still below levels that would typically signal takeover intent.