The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dinesh Pareekh
Awaiting price reaction for this filing.
Dinesh Pareekh has acquired 5,08,600 equity shares (10.82%) of Pasupati Fincap Ltd on June 4-5, 2025 through a Share Purchase Agreement done off-market. His holding in the company has gone up from 2,025 shares (0.04%) to 5,10,625 shares (10.86%). This acquisition is part of a larger Share Purchase Agreement signed on October 7, 2024, under which he is buying a total of 5,40,900 shares (11.51%) to take control of the company and become the new promoter. A balance of 32,300 shares (0.69%) is still pending to be acquired. The mode of acquisition is through an SPA pursuant to an open offer, meaning this is a change-of-control transaction.
This marks a change of promoter and control at Pasupati Fincap Ltd, with Dinesh Pareekh set to become the new promoter with an 11.51% stake. Shareholders should watch for the open offer process, further disclosures on the remaining 0.69% acquisition, and any potential impact on share price due to the control change.