Amit Kumar Saraogi Acquires 21.42% Stake in Cubical Financial Services
Amit Kumar Saraogi has acquired 31,100,000 equity shares, representing 21.42% of the total issued and paid-up share capital of Cubical Financial Services Ltd, through a preferential allotment on September 14, 2026. The acquisition involved shares valued at Rs. 18,81,40,000. This disclosure is made in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Following the acquisition, Saraogi holds a significant stake, impacting the company's shareholding structure.
Key Highlights
- Amit Kumar Saraogi acquired 31.1 million shares.
- Stake acquired represents 21.42% of total share capital.
- Acquisition was via preferential allotment on Sept 14, 2026.
- Transaction value amounts to Rs. 18.81 crore.
- Disclosure filed under SEBI SAST Regulations, 2011.
Price Impact
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Amit Kumar Saraogi Acquires 21.42% Stake in Cubical Financial Services via Preferential Allotment
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