The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Victory Software Pvt Ltd
Awaiting price reaction for this filing.
Victory Software Private Limited, a non-promoter entity, has disclosed acquisition of 80,00,000 equity shares (8.47%) of Shri Niwas Leasing and Finance Limited through an inter-se transfer (off-market) dated April 9, 2025. This took Victory Software's holding from 4,27,650 shares (10.70%) to 84,27,650 shares (19.17%) of the company. The target company is listed on BSE and has a total equity share capital of 4,39,67,000 shares (face value Rs 10, Rs 5 paid up) after the transaction. The acquisition triggered disclosure under Regulation 29(2) as Victory Software's holding crossed the 10% and 15% regulatory thresholds. The shares were acquired via inter-se transfer, not through open market purchases.
A non-promoter entity now holds nearly one-fifth of the company after a significant off-market transfer, which could signal a shift in the shareholding pattern. Shareholders should monitor whether this leads to further acquisitions or any change in management/control dynamics.