Jhaveri Credits & Capital Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Jhaveri Credits and Capital Limited's promoter group has significantly increased its stake following a Scheme of Amalgamation. The company acquired 1,178,605 new equity shares, representing 10.62% of the total equity, through an allotment related to its merger with U R Energy (India) Private Limited. As part of the merger, U R Energy shareholders received 253 Jhaveri Credits equity shares for every 500 shares held. This transaction boosts the promoter group's total shareholding to 63.24% from 61.60% and reclassifies some existing shareholders into the promoter category, solidifying promoter control.