The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Raina Vinay Jain
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Dr. Raina Vinay Jain, a promoter of VJTF Eduservices Ltd, purchased 250,000 equity shares in the open market on 7 July 2025. Her stake in the company rose from 29.42% (51,77,051 shares) to 30.84% (54,27,051 shares), an increase of 1.42 percentage points. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations, 2011. The total share capital of the company remains at Rs. 17.6 crore, comprising 1,76,00,000 equity shares of Rs. 10 each.
This is a positive signal as it shows promoter confidence in the company through an open market share purchase. However, the 1.42% increase means the promoter is still well below the 50% threshold and the acquisition will trigger the requirement to make an open offer as per SEBI takeover rules if it crosses the 5% creeping limit in a financial year.