Star Housing Finance Limited Completes Divestment of 21,82,200 Shares in Akme Fintrade India Limited

1 min read     Updated on 02 Apr 2026, 08:53 AM
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Reviewed by
Radhika SScanX News Team
AI Summary

Star Housing Finance Limited has completed the sale of its entire 21,82,200 share holding in Akme Fintrade India Limited through open market transactions on March 30, 2026. The divestment represents a complete exit from the company's 0.51% stake, reducing its holding to zero. The transaction was disclosed to BSE on April 1, 2026, in compliance with SEBI regulations governing substantial share acquisitions and disposals.

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Star Housing Finance Limited has completed the divestment of its entire shareholding in akme fintrade (india) Limited, selling 21,82,200 shares through open market transactions. The company filed the mandatory disclosure with BSE Limited on April 1, 2026, in accordance with SEBI regulations governing substantial share transactions.

Transaction Details

The share sale transaction was executed on March 30, 2026, through open market operations. Star Housing Finance, identified as belonging to the promoter group of Akme Fintrade, has completely exited its position in the target company.

Parameter Before Sale Sale Transaction After Sale
Shares Held 21,82,200 21,82,200 0
Percentage Holding 0.51% 0.51% 0%
Voting Rights 0.51% 0.51% 0%

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction involved shares carrying voting rights, with no encumbrances, warrants, or convertible securities involved in the disposal.

Disclosure Details Information
Target Company Akme Fintrade India Limited
Seller Star Housing Finance Limited
Transaction Mode Open Market Sale
Transaction Date March 30, 2026
Filing Date April 1, 2026

Share Capital Impact

Following the complete divestment, Star Housing Finance Limited no longer holds any equity shares or voting rights in Akme Fintrade India Limited. The transaction represents a full exit from the investment, reducing the company's holding from 0.51% to zero across all categories of shareholding.

The disclosure was signed by Nachiketa Purohit, Company Secretary & Compliance Officer, and Kalpesh Dave, Director & Chief Executive Officer of Star Housing Finance Limited, confirming the completion of all regulatory requirements for the share disposal transaction.

Historical Stock Returns for Akme Fintrade

1 Day5 Days1 Month6 Months1 Year5 Years
-1.14%-3.10%+10.00%-15.38%+16.92%-41.45%

What strategic factors prompted Star Housing Finance to completely exit its position in Akme Fintrade after being part of the promoter group?

Will Star Housing Finance use the proceeds from this divestment to strengthen its core housing finance business or pursue new investment opportunities?

How might this promoter group exit impact Akme Fintrade's future capital raising plans and corporate governance structure?

Akme Fintrade (India) Limited Secures Rs 8 Crore Term Loan from MAS Financial Services

1 min read     Updated on 01 Apr 2026, 02:39 AM
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Reviewed by
Radhika SScanX News Team
AI Summary

Akme Fintrade (India) Limited announced the sanction of a Rs 8,00,00,000 term loan from MAS Financial Services Limited on March 31st, 2026. The company properly disclosed this development to NSE and BSE as required under Regulation 30, with Company Secretary Manoj Kumar Choubisa handling the regulatory communication. This loan facility strengthens the company's financial position and demonstrates lender confidence in its business operations.

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Akme fintrade (india) Limited has secured a significant term loan facility to bolster its financial resources. The company announced the sanction of Rs 8,00,00,000 from MAS Financial Services Limited, marking an important milestone in its funding strategy.

Loan Details and Financial Impact

The term loan facility represents a substantial financial commitment that will enhance the company's operational capabilities. The funding arrangement demonstrates confidence from MAS Financial Services Limited in Akme Fintrade's business model and growth prospects.

Parameter: Details
Loan Amount: Rs 8,00,00,000 (Rs 8 crores)
Lender: MAS Financial Services Limited
Loan Type: Term Loan
Announcement Date: March 31st, 2026

Regulatory Compliance and Disclosure

The company fulfilled its regulatory obligations by informing both major stock exchanges about this development. Company Secretary and Compliance Officer Manoj Kumar Choubisa signed the official communication, ensuring proper documentation and transparency.

The disclosure was made to:

  • National Stock Exchange of India Limited (Symbol: AFIL)
  • BSE Limited (Scrip Code: 544200)

Corporate Communication

Akme Fintrade (India) Limited maintains transparent communication with its stakeholders through multiple channels. The company has made this information available on its official website at www.akmefintrade.com , ensuring broader accessibility for investors and other interested parties.

The announcement reflects the company's commitment to maintaining proper corporate governance standards and keeping stakeholders informed about significant financial developments that may impact its operations and growth trajectory.

Historical Stock Returns for Akme Fintrade

1 Day5 Days1 Month6 Months1 Year5 Years
-1.14%-3.10%+10.00%-15.38%+16.92%-41.45%

How will Akme Fintrade deploy the Rs 8 crore term loan to drive business expansion and revenue growth?

What impact might this significant debt addition have on Akme Fintrade's debt-to-equity ratio and financial leverage metrics?

Could this funding arrangement signal Akme Fintrade's preparation for entering new market segments or geographic regions?

More News on Akme Fintrade (India)

1 Year Returns:+16.92%