StockWatch
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Diversified Commercial Services
Shareholding22 Apr 2026, 01:18 pm

Sanchay Finvest: Rushabh Satra acquires 11.62% stake via preferential allotment

AI Summary

Rushabh Satra acquired 9,30,000 equity shares, representing an 11.62% stake in Sanchay Finvest Ltd, through a preferential allotment. This disclosure was made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Following this acquisition, Satra's total holding, including Persons Acting in Concert (PACs), stands at 11.62% of the company's total voting capital. The company's equity share capital increased from ₹3.15 crore to ₹8 crore post-allotment. The newly acquired shares rank pari-passu with existing shares.

Key Highlights

  • Rushabh Satra acquired 9,30,000 equity shares in Sanchay Finvest Ltd.
  • This represents an 11.62% stake through a preferential allotment.
  • The company's equity share capital increased to ₹8 crore post-acquisition.
  • The acquisition was disclosed under SEBI (SAST) Regulations, 2011.