JJ Finance Corporation: Promoter Group Acquires Additional 2.02% Stake Through Open Market Purchase
JJ Finance Corporation's promoter group, led by Anil Jhunjhunwala, has increased their stake in the company by 2.02% through open market purchases. The acquisition involved 57,083 fully paid-up equity shares. Anil Jhunjhunwala personally acquired 1.34% of the total capital, while other persons acting in concert (PACs) purchased 0.68%. This move has increased the total promoter group holding from 62.24% to 64.26% of the company's total equity and voting share capital.

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JJ Finance Corporation has disclosed a substantial acquisition by its promoter group under SEBI regulations, with promoter Anil Jhunjhunwala increasing his stake in the company through open market purchases. The transaction involved the acquisition of 57,083 fully paid-up equity shares representing 2.02% of the total equity and voting share capital.
Acquisition Details
The share acquisition was executed through open market transactions, with the promoter group purchasing shares worth 2.02% of the company's total equity capital. The acquisition was structured across multiple entities within the promoter group.
| Parameter | Details |
|---|---|
| Total Shares Acquired | 57,083 shares |
| Percentage of Capital | 2.02% |
| Acquisition Mode | Open Market |
| Share Face Value | ₹10.00 per share |
Shareholding Pattern Changes
The acquisition resulted in significant changes to the promoter group's shareholding pattern. Anil Jhunjhunwala personally acquired 37,925 shares representing 1.34% of the total capital, while other persons acting in concert (PACs) purchased 19,158 shares representing 0.68%.
Before and After Comparison
| Shareholder Category | Before Acquisition | After Acquisition | Change |
|---|---|---|---|
| Anil Jhunjhunwala | 12,90,784 shares (45.77%) | 13,28,709 shares (47.11%) | +1.34% |
| Other PACs | 4,64,389 shares (16.47%) | 4,83,547 shares (17.15%) | +0.68% |
| Total Promoter Group | 17,55,173 shares (62.24%) | 18,12,256 shares (64.26%) | +2.02% |
Company Capital Structure
JJ Finance Corporation's equity share capital remains unchanged following this acquisition. The company maintains its capital structure with no dilution or expansion of the share base.
| Capital Details | Specifications |
|---|---|
| Total Equity Shares | 28,20,000 shares |
| Face Value per Share | ₹10.00 |
| Total Share Capital | ₹2.82 crores |
| Voting Capital | 28,20,000 shares |
Regulatory Compliance
The disclosure was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The promoter filed the necessary documentation with both the Bombay Stock Exchange and Calcutta Stock Exchange, where the company's shares are listed.
The acquisition strengthens the promoter group's control over JJ Finance Corporation, with their combined holding now exceeding 64% of the total equity capital. This transaction demonstrates continued confidence by the promoter group in the company's prospects and strategic direction.
Historical Stock Returns for JJ Finance Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +8.94% | +6.64% | +0.17% | +10.70% | -7.50% | +601.37% |






























