Pratika Jain Acquires Significant Stake in High Street Filatex Through Off-Market Purchase

High Street Filatex Limited , a company listed on the BSE, has reported a significant off-market transaction involving the acquisition of a substantial number of its shares. According to a recent disclosure filed with the stock exchange, Pratika Jain has acquired 87,199 shares of the company through an off-market purchase.

Transaction Details

The transaction, which took place on December 24, 2024, has caught the attention of market observers due to its size and nature. Here are the key details of the acquisition:

• Acquirer: Pratika Jain
• Number of Shares Acquired: 87,199
• Mode of Acquisition: Off-market purchase
• Date of Transaction: December 24, 2024
• Acquirer's Relation to Company: Non-promoter

Regulatory Compliance

The company has submitted a revised disclosure to the stock exchange, correcting an earlier omission of the transaction date in the original filing. This move demonstrates High Street Filatex's commitment to regulatory compliance and transparency in reporting significant share movements.

Impact on Shareholding

While the exact percentage of shareholding acquired by Pratika Jain has not been explicitly stated, the acquisition represents a notable portion of the company's total equity share capital. High Street Filatex Limited's total equity share capital stands at 6,47,000 equity shares, each with a face value of Rs. 10.00.

Disclosure Requirements

The disclosure was made in accordance with Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires investors to disclose their shareholding and voting rights when they acquire a substantial quantity of shares or voting rights in a listed company.

Company Background

High Street Filatex Limited is listed on the BSE Limited, one of India's premier stock exchanges. The company's shares are traded under the regulations and oversight of the Securities and Exchange Board of India (SEBI).

This off-market transaction highlights the ongoing interest in High Street Filatex Limited's shares and may be of significance to existing shareholders and potential investors monitoring the company's ownership structure.