AMPL Capital Limited reports DP Global Wealth Management's 17.11% stake acquisition

What AMPL Capital Limited disclosed

On 2 July 2026, AMPL Capital Limited (formerly Credent Global Finance Ltd.) filed a disclosure with BSE under Regulation 29(2) of the SEBI Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011. The filing informs that DP Global Wealth Management LLP, together with Vikas Kataria acting in concert, has increased its shareholding in the company to 1,05,14,153 equity shares, equivalent to 17.11% of the total paid‑up share capital.

The acquisition was executed over two consecutive days – 29 June 2026 and 30 June 2026 – via open‑market purchases. The filing provides a detailed breakdown of the shares acquired, the pre‑ and post‑acquisition holdings, and confirms that the acquirer does not belong to the promoter group.

Details of the acquisition

• Acquirer: DP Global Wealth Management LLP (Designated Partner: Santosh Kataria) with Vikas Kataria as a Person Acting in Concert (PAC).
• Mode of acquisition: Open market purchases.
• Acquisition dates: 29 June 2026 (33,96,821 shares) and 30 June 2026 (16,11,514 shares).
• Total shares acquired: 50,08,335 equity shares, representing 8.15% of the company’s total share capital.
• Pre‑acquisition holding: 55,05,818 shares (8.96% of total).
• Post‑acquisition holding: 1,05,14,153 shares (17.11% of total).
• Equity share capital: Unchanged at Rs 12,29,22,460, comprising 6,14,61,230 equity shares of Rs 2 each.

The filing also notes that there were no encumbrances, convertible securities, or voting rights other than equity shares involved in the transaction.

Shareholding impact

The increase from 55.05 lakh to 1.05 crore shares more than doubles the acquirer’s stake. Prior to the transaction, DP Global Wealth Management LLP held 8.96% of the company’s equity. After the two open‑market purchases, the combined holding with PAC Vikas Kataria rose to 17.11%. This level crosses the 15% threshold often considered material for corporate governance, though the filing does not indicate any intention to seek board representation or trigger any mandatory offer.

The share capital of AMPL Capital remains unchanged, meaning the acquisition did not involve any issuance of new shares, rights issues, or preferential allotments. Consequently, existing shareholders’ proportional ownership is diluted only by the shift in voting power resulting from the acquirer’s larger stake.

Key facts at a glance

Why this matters for investors

The disclosure satisfies SEBI’s requirement to inform the market when an entity acquires more than 1% of a listed company’s equity. A 17.11% holding is material because it may influence voting outcomes at general meetings and could prompt the acquirer to seek a greater strategic role. However, the filing does not indicate any immediate corporate actions such as a board nomination, a takeover offer, or a change in control.

Since the acquisition was executed through open‑market purchases, there is no immediate dilution of existing shareholders’ equity. The company’s capital structure remains unchanged, and no cash inflow or outflow is associated with the transaction from the company’s perspective. Investors should monitor any subsequent filings that might reveal the acquirer’s intentions, such as a possible open offer under the Takeover Code if the stake crosses the 25% threshold.

Conclusion

DP Global Wealth Management LLP, together with Vikas Kataria, has increased its stake in AMPL Capital Limited to 17.11% through open‑market purchases of 50.08 lakh shares on 29‑30 June 2026. The filing, made on 2 July 2026, confirms that the acquisition did not alter the company’s share capital and that the acquirer is not part of the promoter group. While the increased holding is material, no further corporate actions have been announced, and investors should await any future disclosures that could clarify the acquirer’s strategic intent.