Moongipa Capital Finance: Promoter's Son Inherits 1.62% Stake Following Father's Demise
Moongipa Capital Finance Limited announced a change in its promoter shareholding structure. 148,800 equity shares (1.62% of paid-up equity) were transmitted from late Suresh Chander Jain to his son, Sanjay Jain. Sanjay Jain's shareholding increased from 8.43% to 10.05%. The overall promoter group shareholding remains unchanged at 37.39%. Sanjay Jain also became the new Karta of Suresh Chander Jain & Sons HUF, holding 4.83% of the company's shares. The transmission falls under the exempted category of SEBI regulations and doesn't trigger an open offer requirement.

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Moongipa Capital Finance Limited has reported a significant change in its promoter shareholding structure following the demise of one of its key promoters. The company, listed on the BSE, disclosed that 148,800 equity shares, representing 1.62% of the paid-up equity, have been transmitted from the late Suresh Chander Jain to his son, Sanjay Jain.
Transmission Details
The shares were transferred to Sanjay Jain, who is already a member of the promoter group and was nominated by his late father. This transmission has resulted in a notable increase in Sanjay Jain's shareholding in the company:
| Period | Number of Shares | Percentage of Total Share Capital |
|---|---|---|
| Pre-transmission | 772,350 | 8.43% |
| Post-transmission | 921,150 | 10.05% |
Impact on Promoter Group Shareholding
Despite this internal transfer, the overall promoter group shareholding in Moongipa Capital Finance Limited remains unchanged at 37.39% of the total share capital. This is because the transaction occurred within the promoter family, with no shares changing hands outside the group.
Regulatory Compliance
The company has emphasized that this transmission falls under the exempted category as per Regulation 10(1)(g) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Consequently, this transfer does not trigger the requirement for an open offer.
Additional Changes
In addition to the share transmission, the company reported that Sanjay Jain has assumed the position of the new Karta of Suresh Chander Jain & Sons HUF, which is also a promoter entity. This HUF continues to hold 442,425 equity shares, representing 4.83% of the company's paid-up equity share capital.
Regulatory Disclosures
Moongipa Capital Finance has duly filed the required disclosures under various SEBI regulations, including:
- Regulation 7(2)(a) of SEBI (Prohibition of Insider Trading) Regulations, 2015
- Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
These filings ensure transparency and compliance with regulatory requirements following the change in shareholding structure.
The transmission of shares was completed on September 6, with the company making the necessary disclosures to the stock exchange on September 8. This change in promoter shareholding structure, while significant for the individuals involved, does not alter the overall promoter control or trigger any regulatory actions for Moongipa Capital Finance Limited.
Historical Stock Returns for Moongipa Capital Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.59% | +7.81% | -6.60% | -13.37% | -47.53% | +910.71% |




























