Motor & General Finance Exits Jayabharat Credit with Complete 13.6% Stake Sale
Motor & General Finance Limited (MGF) has sold its entire 13.6% stake in Jayabharat Credit, amounting to 680,000 shares, through an off-market transaction on September 18. The sale was disclosed under SEBI regulations. Following this divestment, MGF's shareholding in Jayabharat Credit has reduced to zero from 13.6%. Jayabharat Credit's total equity share capital remains at 5,000,000 shares. The transaction could potentially impact the stock's trading dynamics on the Bombay Stock Exchange where it is listed.

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Jayabharat Credit (formerly known as JA Yabharat Credit Limited) has undergone a significant change in its ownership structure as Motor & General Finance Limited (MGF) divested its entire stake in the company. The transaction, which took place on September 18, involved the sale of 680,000 shares, representing 13.6% of Jayabharat Credit's total voting rights.
Transaction Details
The stake sale was executed through an off-market transaction, as confirmed by the disclosure made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Following this sale, MGF's shareholding in Jayabharat Credit has been reduced to zero from its previous 13.6% stake.
Impact on Shareholding
Before the transaction:
- MGF held 680,000 shares, accounting for 13.6% of Jayabharat Credit's voting rights.
- The total equity share capital of Jayabharat Credit stood at 5,000,000 shares.
After the transaction:
- MGF's shareholding in Jayabharat Credit has been completely eliminated.
- The total equity share capital of Jayabharat Credit remains unchanged at 5,000,000 shares.
Market Implications
Jayabharat Credit's shares are listed on the Bombay Stock Exchange (BSE). The substantial exit by a significant shareholder like MGF could potentially impact the stock's trading dynamics and investor perception.
Regulatory Compliance
The transaction adheres to the regulatory requirements, with MGF filing the necessary disclosures as mandated by SEBI regulations. The company confirmed that it did not belong to the promoter or promoter group of Jayabharat Credit.
This strategic move by Motor & General Finance Limited to completely exit its position in Jayabharat Credit marks a notable shift in its investment portfolio. Market participants and investors in Jayabharat Credit will likely be watching closely for any potential changes in the company's direction or performance following this significant change in its shareholding pattern.
Historical Stock Returns for Jayabharat Credit
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+4.99% | +27.34% | +50.10% | +7.09% | +45.85% | +651.26% |