Shareholding25 May 2026, 01:37 pm
Akme Fintrade: Nirmal Kumar Jain's Shareholding Disclosure
AI Summary
Nirmal Kumar Jain disclosed acquisition details under Regulation 29(1) of SEBI's Takeover Regulations for Akme Fintrade (India) Ltd. The disclosure includes details of shareholding before and after the acquisition via preferential allotment. Post-acquisition, Jain holds 11,41,00,900 shares carrying voting rights, representing 19.65% of the total, and 1,72,00,000 shares in the nature of encumbrance. The acquisition was through preferential allotment of fully convertible warrants at ₹7 per share, convertible by May 21, 2026. The equity share capital after acquisition is ₹58,04,49,960.
Key Highlights
- Nirmal Kumar Jain made a disclosure under SEBI Takeover Regulations for Akme Fintrade.
- Acquisition was executed through preferential allotment of fully convertible warrants.
- Post-acquisition, Jain holds 19.65% of the total share capital with voting rights.
- Equity share capital after the acquisition stands at ₹58,04,49,960.
- Warrants are convertible into equity shares by May 21, 2026, at ₹7 per share.
Price Impact
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