The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Saryu Kothari
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Awaiting price reaction for this filing.
Saryu Kothari, part of the promoter group, has filed a disclosure under SEBI Takeover Regulations regarding the allotment of 2,83,181 equity shares (7.35%) of Ventura Guaranty Ltd. The shares were issued following the NCLT-sanctioned merger of Kashmira Investment and Leasing Pvt Ltd with Ventura Guaranty Ltd, at an exchange ratio of 84 VGL shares for every 100 KILPL shares. Before this allotment, the promoter group's combined holding stood at 13.34% (4,26,144 shares); after the allotment, it has risen to 24.51% (9,44,520 shares). Saryu Kothari herself moved from 0% to 7.35%, while Hemant Majethia's holding increased from 12.95% to 16.84%. The total paid-up equity capital of Ventura Guaranty increased from Rs. 3.19 crore to Rs. 3.85 crore (38,53,545 shares). The filing is being made because Saryu Kothari's individual holding crossed the 5% threshold for the first time.
This is a non-cash, scheme-driven increase in promoter family holdings and does not involve any open-market buying or fresh capital infusion from shareholders. The promoter group's combined stake of 24.51% remains well below 50%, so there is no change in control concern. For shareholders, this simply consolidates the merged entity's shareholding pattern and is largely procedural in nature, unlikely to materially impact the stock price on its own.