The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for June Enterprises Pvt Ltd
Awaiting price reaction for this filing.
June Enterprises Private Limited has disclosed an acquisition of 1,57,66,000 equity shares (33.04%) in Kashyap Tele-Medicines Limited under SEBI Takeover Regulations. The shares were bought on May 15 and May 20, 2025 through off-market transactions. Before this acquisition, June Enterprises held only 8,51,000 shares (1.78%), and after the deal, its holding jumped to 33.04% of the paid-up capital. The acquirer has clarified that it is not part of the promoter or promoter group of Kashyap Tele-Medicines. The total equity capital of the target company stands at Rs. 4.77 crore, unchanged before and after the transaction.
This is a significant stake acquisition that crosses the 25% creeping acquisition threshold, which means June Enterprises may now need to consider making an open offer for further shares. For existing shareholders, this signals a major change of control or strategic interest in Kashyap Tele-Medicines, which could lead to higher volatility and re-rating of the stock.