Business Match Services Pledges Additional Centrum Capital Shares for Fresh Loans

1 min read     Updated on 05 Aug 2025, 10:34 AM
scanxBy ScanX News Team
whatsapptwittershare
Overview

Business Match Services, a significant shareholder of Centrum Capital, has increased its pledged shareholding to secure fresh loans. The company pledged 22,00,000 shares to Metharani Bhawnani, 35,00,000 shares to Minsol Limited, and 6,00,000 shares to Ashok KR Choicsey Financial Services. These transactions have raised Business Match Services' total encumbered shareholding to 7.48 crore shares, representing 18.00% of Centrum Capital's total share capital. The pledges were reported in compliance with SEBI regulations.

15915871

*this image is generated using AI for illustrative purposes only.

Centrum Capital , a company listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), has seen an increase in pledged shareholding by its significant shareholder, Business Match Services (India) Private Limited. This move is part of Business Match Services' strategy to secure fresh loans, as per recent filings.

Pledge Details

Business Match Services has created new pledges on its equity shares in Centrum Capital. The details of the pledges are as follows:

Date Shares Pledged % of Total Capital Pledged To Purpose
August 1 22,00,000 0.53% Metharani Bhawnani Fresh loan
July 30 35,00,000 0.84% Minsol Limited Fresh loan
July 30 6,00,000 0.14% Ashok KR Choicsey Financial Services Fresh loan

Impact on Shareholding

Following these transactions, Business Match Services' total encumbered shareholding in Centrum Capital has increased to 7.48 crore shares, representing 18.00% of the total share capital. This is a significant portion of the company's total holding of 13.44 crore shares, which accounts for 32.33% of Centrum Capital's total share capital.

Regulatory Compliance

In compliance with the Securities and Exchange Board of India (SEBI) regulations, Business Match Services has reported these transactions under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has submitted the required disclosures to both the stock exchanges and Centrum Capital.

About Business Match Services

Business Match Services (India) Private Limited, registered with CIN: U74999MH1992PTC066170 and based in Mumbai, is a significant shareholder in Centrum Capital. Its financial decisions and share pledges can have important implications for the company and its investors.

These recent pledges highlight the ongoing financial activities of major shareholders in Centrum Capital and may be of interest to market participants and investors tracking the company's ownership structure and related party transactions.

Historical Stock Returns for Centrum Capital

1 Day5 Days1 Month6 Months1 Year5 Years
-2.67%-7.25%+5.91%+19.85%-6.97%+161.40%
Centrum Capital
View in Depthredirect
like17
dislike

Centrum Capital Allots Rs 200 Crore Convertible Warrants to Promoter Group Entity

1 min read     Updated on 01 Aug 2025, 03:25 PM
scanxBy ScanX News Team
whatsapptwittershare
Overview

Centrum Capital Limited has allotted 7,01,26,225 convertible warrants to JBCG Advisory Services Private Limited, a promoter group entity, at Rs. 28.52 per warrant. The total amount raised is Rs. 200 crore, with an upfront payment of Rs. 50 crore. The warrants are convertible into equity shares within 18 months of allotment. This move aims to strengthen the company's financial position and support growth initiatives.

15587732

*this image is generated using AI for illustrative purposes only.

Centrum Capital Limited , a leading financial services company, has announced a significant capital infusion through the allotment of convertible warrants to its promoter group entity. The move is aimed at strengthening the company's financial position and supporting its growth initiatives.

Key Details of the Allotment

Item Detail
Allottee JBCG Advisory Services Private Limited, a promoter group entity
Number of Warrants 7,01,26,225
Issue Price Rs. 28.52 per warrant
Total Amount Rs. 200.00 crore
Upfront Payment 25% of the total amount (Rs. 50.00 crore)

Terms of the Warrant Issue

The Board of Directors of Centrum Capital Limited approved the allotment of 7,01,26,225 convertible warrants. Each warrant is convertible into one equity share of the company. The warrants have been issued at a price of Rs. 28.52 per warrant, with the allottee paying 25% of the amount upfront.

Conversion and Lock-in Period

The warrant holder has the option to exercise the warrants within 18 months from the date of allotment. Upon conversion, each warrant will be exchanged for one equity share of Centrum Capital, ranking pari passu with existing shares. The warrants and resulting shares will be subject to lock-in provisions as per SEBI regulations.

Regulatory Approvals

The allotment follows necessary approvals, including:

  • Shareholder approval through postal ballot
  • In-principle approvals from BSE and NSE

Impact on Share Capital

The company's paid-up equity share capital remains unchanged at this stage, as the warrants are yet to be converted into equity shares. The conversion, when it occurs, will lead to an increase in the company's equity base.

Strategic Implications

This capital infusion by the promoter group demonstrates their confidence in Centrum Capital's future prospects. The funds raised are likely to be used for various purposes, including:

  1. Strengthening the company's balance sheet
  2. Supporting growth initiatives
  3. Enhancing the capital base of its subsidiaries
  4. General corporate purposes

The move is expected to provide Centrum Capital with additional financial flexibility to pursue its strategic objectives in the competitive financial services sector.

Investors and market observers will be keenly watching how Centrum Capital utilizes this capital infusion to drive growth and enhance shareholder value in the coming months.

Historical Stock Returns for Centrum Capital

1 Day5 Days1 Month6 Months1 Year5 Years
-2.67%-7.25%+5.91%+19.85%-6.97%+161.40%
Centrum Capital
View in Depthredirect
like15
dislike
More News on Centrum Capital
Explore Other Articles
Fineotex Chemical Expands Production Capacity with New Ambernath Facility 1 minute ago
GTT Data Solutions Forfeits 128,955 Partly Paid-Up Equity Shares Due to Non-Payment 12 minutes ago
Aegis Vopak Reports Q1 EBITDA Growth to ₹1.19 Billion, Approves ₹1,675 Crore Investment for New Terminal 8 minutes ago
Ginni Filaments Reports Robust Q1 Results with Significant Profit Growth 9 minutes ago
37.25
-1.02
(-2.67%)