The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashiana Fincap Pvt Ltd
Awaiting price reaction for this filing.
Ashiana Fincap Private Limited, a promoter group entity of Ashiana Ispat Limited, has acquired 2,52,000 equity shares representing 3.16% of the company's paid-up capital. The acquisition was done through off-market purchase on March 28-30, 2026. Prior to this transaction, the acquirer held 1,40,000 shares (1.75%). After the acquisition, their holding has increased to 3,92,000 shares (4.92%) of the total equity capital of 79,64,800 shares. This is a disclosure filed under SEBI's substantial acquisition regulations requiring reporting when crossing certain shareholding thresholds.
The promoter group is increasing its stake in the company, which is generally viewed positively by markets as it signals promoter confidence in the business. The holding remains under 5%, so no open offer trigger has been activated under SAST regulations.