Star Housing Finance Seeks Reclassification of 1.33% Shareholding from Promoter to Public Category

1 min read     Updated on 19 Aug 2025, 08:09 PM
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Radhika SahaniBy ScanX News Team
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Overview

Star Housing Finance Limited has applied to BSE Limited for reclassification of certain shareholders from 'Promoter and Promoter Group' to 'Public' category. The application covers 10,51,014 shares (1.33% of shareholding) held by eight individuals and one entity. Aarsh Fincon Limited (0.72%) and Anil Kumar Jain (0.28%) hold the largest stakes among those seeking reclassification. The move is subject to BSE approval under SEBI regulations.

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*this image is generated using AI for illustrative purposes only.

Star Housing Finance Limited has taken a significant step in restructuring its shareholding pattern. The company has submitted an application to BSE Limited seeking reclassification of certain individuals and an entity from the 'Promoter and Promoter Group' category to the 'Public' category.

Application Details

The application, submitted on August 19, covers a total of 10,51,014 shares, representing 1.33% of the company's shareholding. This move affects eight individuals and one entity, as detailed below:

Name Shares Held % of Holding
Aarsh Fincon Limited 5,67,599 0.72
Anil Kumar Jain 2,22,499 0.28
Kailash Jain 1,59,871 0.20
Shilpa Jain 85,600 0.11
Ravindra Jain 8,872 0.01
Vimal Jain 6,573 0.01
Anil Kumar Jain HUF 0 0.00
Kanta Jain 0 0.00

Significance of the Move

This reclassification, if approved, will change the status of these shareholders from 'Promoter and Promoter Group' to 'Public' category. The largest holdings among those seeking reclassification are Aarsh Fincon Limited with 5,67,599 shares (0.72%) and Anil Kumar Jain with 2,22,499 shares (0.28%).

Regulatory Process

Star Housing Finance has applied to BSE Limited for obtaining a 'No Objection' for this reclassification under Regulation 31A(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended.

Company's Statement

In its filing, Star Housing Finance stated, "This is for your information and records." The application was signed by Shreyas Mehta, the Company Secretary and Compliance Officer of Star Housing Finance Limited.

Next Steps

The reclassification is subject to approval from BSE Limited. Shareholders and investors will be keenly watching for the stock exchange's decision on this application, as it could potentially impact the company's shareholding structure and governance dynamics.

As this development unfolds, market participants will be monitoring any potential impacts on the company's stock performance and corporate governance structure.

Historical Stock Returns for Star Housing Finance

1 Day5 Days1 Month6 Months1 Year5 Years
+2.16%+1.37%-22.87%-32.48%-44.50%+18.97%
Star Housing Finance
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Star Housing Finance Plans NSE Listing to Boost Market Presence

1 min read     Updated on 19 May 2025, 08:32 PM
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Overview

Star Housing Finance Ltd, currently listed on BSE, has announced plans to list its equity shares on the National Stock Exchange (NSE), subject to eligibility and regulatory approvals. This dual listing strategy aims to enhance visibility, improve liquidity, and expand the investor base. The move is expected to provide increased trading options and potential benefits for shareholders, including improved price discovery and enhanced market capitalization prospects.

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*this image is generated using AI for illustrative purposes only.

Star Housing Finance Ltd has announced its intention to initiate the process of listing its equity shares on the National Stock Exchange of India Limited (NSE), subject to meeting eligibility criteria and obtaining necessary regulatory approvals. This strategic move aims to enhance the company's visibility in the financial markets and provide increased benefits to its shareholders.

Dual Listing Strategy

The company, which is currently listed on the BSE (Bombay Stock Exchange), is looking to expand its presence by pursuing a dual listing on the NSE. This decision is driven by several key objectives:

  • Enhanced Visibility: Listing on the NSE, one of India's leading stock exchanges, is expected to increase Star Housing Finance's visibility among a broader range of investors and market participants.

  • Improved Liquidity: The dual listing is anticipated to boost liquidity for the company's shares, potentially benefiting existing shareholders by providing easier trading options.

  • Expanded Investor Base: By listing on the NSE, Star Housing Finance aims to attract a more diverse group of investors, including institutional and retail participants who primarily trade on this platform.

Regulatory Process

The company has emphasized that the NSE listing is subject to meeting eligibility criteria and securing regulatory approvals. This process typically involves:

  • Fulfilling NSE's listing requirements
  • Obtaining necessary clearances from regulatory bodies
  • Completing due diligence and documentation procedures

Impact on Shareholders

For current and potential shareholders, this move could bring several advantages:

  • Increased trading options across both BSE and NSE platforms
  • Potential for improved price discovery due to wider market participation
  • Enhanced market capitalization prospects if the dual listing leads to increased demand for the company's shares

Star Housing Finance's decision to pursue an NSE listing reflects its commitment to growth and shareholder value creation. As the company progresses through the listing process, investors and market watchers will be keen to observe how this strategic move impacts its market position and financial performance in the housing finance sector.

The timeline for the completion of the listing process has not been disclosed, and interested parties are advised to follow the company's official communications for further updates on this development.

Historical Stock Returns for Star Housing Finance

1 Day5 Days1 Month6 Months1 Year5 Years
+2.16%+1.37%-22.87%-32.48%-44.50%+18.97%
Star Housing Finance
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