NewsOrders & DealsRoopam Financiers Files Substantial Acquisition Disclosure for DB InternationalRoopam Financiers Files Substantial Acquisition Disclosure for DB International
Roopam Financiers Private Limited and its PACs acquired 7,01,663 additional shares in DB International Stock Brokers through open market purchases, increasing their combined holding from 13.13% to 15.14%. The disclosure filed under SEBI Regulation 29(2) shows substantial encumbered holdings with pledged shares totaling over 41 lakh shares across the acquirer group.
*this image is generated using AI for illustrative purposes only.
Roopam Financiers Private Limited has filed a substantial acquisition disclosure with stock exchanges regarding the increased stake in DB International Stock Brokers Limited. The disclosure, made under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations 2011, was filed on December 23, 2024, detailing the acquisition of additional equity shares through open market purchases.
Acquisition Details
The acquisition involved Roopam Financiers Private Limited and its Persons Acting in Concert (PACs) purchasing a total of 7,01,663 equity shares. The breakdown shows Roopam Financiers acquired 5,45,873 shares (1.56%), while PAC Shanker Credits Private Limited purchased 1,55,790 shares (0.44%). The other PACs, Mahalaxmi Woolen Company Private Limited and Salvia Finvest Private Limited, did not acquire additional voting shares in this transaction.
| Acquirer: | Shares Acquired | Percentage |
|---|---|---|
| Roopam Financiers Private Limited | 5,45,873 | 1.56% |
| Shanker Credits Private Limited | 1,55,790 | 0.44% |
| Total Acquisition | 7,01,663 | 2.00% |
Holdings Comparison
The acquisition resulted in a significant change in the collective holding pattern of the acquirer group. Before the acquisition, the combined holding of Roopam Financiers and its PACs stood at 45,95,668 shares, representing 13.13% of DB International Stock Brokers' total share capital. Post-acquisition, their total holding increased to 52,97,331 shares, constituting 15.14% of the company.
| Holding Period: | Total Shares | Percentage |
|---|---|---|
| Before Acquisition | 45,95,668 | 13.13% |
| After Acquisition | 52,97,331 | 15.14% |
| Net Increase | 7,01,663 | 2.01% |
Individual Holdings Breakdown
Post-acquisition, Roopam Financiers Private Limited holds 10,36,248 shares (2.96%), while Shanker Credits Private Limited maintains 1,77,337 shares (0.51%). Salvia Finvest Private Limited holds 23,884 shares (0.07%), with Mahalaxmi Woolen Company Private Limited reporting no voting shares.
Encumbered Holdings
The disclosure reveals substantial encumbered holdings in the form of pledged shares. After the acquisition, Shanker Credits holds 21,25,959 encumbered shares (6.07%), while Roopam Financiers holds 20,17,903 encumbered shares (5.77%). Mahalaxmi Woolen Company maintains 80,000 encumbered shares (0.23%), with no encumbered holdings reported for Salvia Finvest Private Limited.
Transaction Details
The share acquisitions were completed through open market purchases, with the last transactions occurring on December 22, 2024, for both Roopam Financiers Private Limited and Shanker Credits Private Limited. DB International Stock Brokers maintains an equity share capital of ₹7.00 crores, which remained unchanged following the acquisition. The disclosure was signed by Chhote Lal Sharma, Director of Roopam Financiers Private Limited (DIN: 01632996), confirming that the acquirer group does not belong to the promoter or promoter group category of the target company.
Historical Stock Returns for DB International Stock Brokers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.13% | -0.16% | -0.32% | -17.60% | -44.21% | +149.50% |
18
