Vinodbhai Patel Acquires 0.38% Stake in Jhaveri Credits

Jhaveri Credits & Capital Ltd has received a disclosure under SEBI (SAST) Regulations, 2011, from Vinodbhai Ishwarbhai Patel. Patel acquired 42,166 equity shares, representing 0.38% of the total equity, through an allotment pursuant to a Scheme of Amalgamation between Jhaveri Credits and Capital Limited and U R Energy (India) Private Limited. This acquisition was made under an exemption provided by Regulation 10(1)(d)(ii) of the SEBI (SAST) Regulations, 2011, and does not trigger an open offer requirement. The transaction was approved by the NCLT, Ahmedabad Bench.