Quarterly Updates25 Feb 2026, 12:59 pm
Credent Global Finance Ltd Announces Preferential Allotment of Shares, Reducing Promoter Holding to 12.89%
AI Summary
Credent Global Finance Limited has allotted 1,00,00,000 shares on a preferential basis to Aditya Vikram Kanoria and Mandeep Singh, resulting in a decrease in their shareholding from 15.40% to 12.89% and from 15.69% to 13.14%, respectively. This disclosure has been made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Credent Global Finance Ltd has allotted 1,00,00,000 shares on a preferential basis to Aditya Vikram Kanoria and Mandeep Singh.
- Aditya Vikram Kanoria's shareholding has decreased from 15.40% to 12.89% and Mandeep Singh's shareholding has decreased from 15.69% to 13.14%.
- This disclosure has been made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
- The allotment was made on 19th February, 2026.
- The total share capital of the company has increased from Rs. 10.29.22.460/- to Rs. 12.29.22.460/- and the total voting capital has increased from 10,29,22,460 to 12,29,22,460 shares.