This disclosure under Regulation 29(2) pertains to a net acquisition of 83,33,520 equity shares of Religare Enterprises Limited by entities linked to the Promoter Group, including Mrs. Shivani Burman and Gyan Enterprises Private Limited. The transaction, conducted via open market purchases between March 18 and March 27, 2026, increased the total holding of the acquirers to 32.94% of the total diluted share capital.
Regulatory Disclosure of Shareholding Change
This filing serves as a mandatory disclosure concerning substantial acquisition of shares in Religare Enterprises Limited, made on March 27, 2026. The acquirers—M.B. Finmart Private Limited, Puran Associates Private Limited, VIC Enterprises Private Limited, Milky Investment & Trading Company, Mrs. Shivani Burman, and Gyan Enterprises Private Limited—are confirmed to belong to the Promoter/Promoter group.
Transaction Details: Acquisition
The acquisition was conducted entirely through the open market during the period from March 18, 2026, to March 27, 2026. The total number of shares acquired across all linked entities amounted to 83,33,520 equity shares.
The detailed breakdown of the acquisition is as follows:
- Mrs. Shivani Burman: Acquired 70,06,520 shares.
- Gyan Enterprises Private Limited: Acquired 13,27,000 shares.
The total acquisition represented 2.51% of the total share/voting capital and 2.10% of the total diluted share/voting capital of the Target Company (TC) before considering warrants/convertible instruments.
Pre-Acquisition Shareholding Position
Before this transaction, the total combined shareholding (voting rights only) across the acquirer group stood at 1,22,37,10,42 shares, equating to 30.84% of the total share capital. The primary holding was concentrated in the existing promoter entities, with Mrs. Shivani Burman holding 0.72%.
Furthermore, the group held significant convertible securities (Warrants/VRs) totaling approximately 2.96 crore instruments, equating to about 7.46% of the diluted capital.
Post-Acquisition Shareholding Position
Following the acquisition, the total shareholding (voting rights only) for the Promoter Group aggregate increased to 12,23,71,042 shares, now constituting 32.94% of the total diluted share capital.
The current holding structure for key members after the acquisition shows the following voting rights percentages:
- Puran Associates Pvt Ltd: 10.83%
- VIC Enterprises Pvt Ltd: 7.92%
- M.B. Finmart Pvt. Ltd.: 7.08%
- Mrs. Shivani Burman: 2.37% (Shares only)
- Gyan Enterprises Private Limited: 0.33% (Shares only)
Capital Structure Context
The Equity Share Capital/Total Voting Capital of Religare Enterprises Limited remained unchanged at 33,28,90,479 shares before and after the transaction. However, the Total Diluted Share/Voting Capital increased following the transaction, standing at 39,67,97,119 shares, reflecting the ongoing exercise or conversion assumptions for outstanding instruments.
Source: BSE
