StockWatch
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Non Banking Financial Company (NBFC)
Shareholding18 Sept 2026, 02:38 pm

Jitesh Kothari acquires 63,980 shares in Arco Leasing, raising stake to 37.22%

AI Summary

Jitesh Kothari, identified as a Proposed Promoter of Arco Leasing Limited, has disclosed the acquisition of 63,980 equity shares. The acquisition was executed off-market through a Share Purchase Agreement dated March 13, 2026, with the transaction date being September 7, 2026. This disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Following this acquisition, Jitesh Kothari's total shareholding in Arco Leasing Limited increased from 3,975,470 shares (36.63%) to 4,039,450 shares, representing 37.22% of the company's total equity share capital.

Key Highlights

  • Jitesh Kothari acquired 63,980 equity shares of Arco Leasing.
  • Acquisition was off-market via a Share Purchase Agreement.
  • His stake increased from 36.63% to 37.22%.
  • Jitesh Kothari is a proposed promoter of the company.