Jhaveri Credits: Vishnubhai Patel Group Acquires 10.62% Stake

Jhaveri Credits & Capital Limited has announced a significant share acquisition by Vishnubhai V. Patel and associated promoter group entities. The acquisition involves 1,178,605 equity shares, representing 10.62% of the company's total equity. This transaction was executed through an allotment of shares pursuant to a Scheme of Amalgamation between Jhaveri Credits and Capital Limited and U R Energy (India) Private Limited. The acquisition is made in reliance on the exemption provided under Regulation 10(1)(d)(ii) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, meaning no open offer was required. The deal was finalized following NCLT approval on March 16, 2026, with the share allotment occurring on June 29, 2026. Post-acquisition, the promoter group's total shareholding has increased to 63.24%.