Key Quantitative Figures
The proposed transaction involves 2,64,78,962 equity shares, constituting 33.52% of the paid-up equity share capital of Star Housing Finance Limited.
Dates of Action
- Letter of Intent execution date: 16th July 2026
- Company received intimation: 13th August 2026
- Disclosure date: 13th August 2026
Parties Involved
Proposed Acquirer: M/s. Cateye Consultancy Services Private Limited
Proposed Sellers: 19 entities including:
- Promoters: Anil Kumar Jain
- Promoter Group: Pushpa Nagda, Ashish Jain, Kavish Jain, Surbhi Jain, Vinita Sureshkumar Jain, Kavish Jain (HUF), Ashish Jain (HUF), Dipesh Jain, Jenisha Jain, Manju Devi Jain, Akme Build Estate Limited, Akme Automobiles Private Limited, Aarsh Fincon Limited, Kailash Jain, Vimal Jain, Ravindra Jain, Shilpa Jain
- Public: Arkfin Investments and Advisors Private Limited
Company Role: Star Housing Finance Limited is not a party to the LOI.
Transaction Conditions
The LOI is preliminary and non-binding, subject to:
- Completion of due diligence satisfactory to Proposed Acquirer
- Negotiation and agreement on price
- Execution of definitive Share Purchase Agreement
- Compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- Prior approval from Reserve Bank of India (required as company is a housing finance company)
- Other applicable statutory and regulatory approvals
Financial Impact
Price per share to be negotiated between parties in due course. Financial impact not quantified in the disclosure.
Certainty of Transaction
The disclosure explicitly states: "There is no certainty that the proposed transaction will be consummated."
Company Representation
Disclosure signed by Nachiketa Purohit, Company Secretary & Compliance Officer (Membership No. A25011) on behalf of Star Housing Finance Limited.
#Tags: #StarHousingFinance #LOI #StakeSale #SEBIDisclosure #Regulation30 #RBIApproval #HFC #Neutral