Credent Global Finance Ltd files Reg 29(2) disclosure of share acquisition by DP Global Wealth Management LLP and Vikas Kataria

What Credent Global Finance Ltd announced

Credent Global Finance Ltd (BSE: 539598) submitted a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on 29 June 2026. The filing states that DP Global Wealth Management LLP and Mr Vikas Kataria have acquired a substantial block of the company’s shares. No further quantitative details—such as the number of shares, percentage of total equity, or consideration paid—were provided in the announcement.

Disclosure details

The filing, lodged with the Bombay Stock Exchange, merely identifies the two acquirers. It does not include a share count, the price per share, or the total transaction value. The description field in the filing is empty, suggesting that the parties may be in the early stages of a takeover or that the acquisition has not yet crossed the reporting thresholds that require full quantitative disclosure.

"The Exchange has received the disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 for DP Global Wealth Management LLP & Vikas Kataria."

Regulatory framework

Regulation 29(2) obliges any person or entity that acquires shares amounting to 1 % or more of a listed company’s equity to inform the stock exchange within two working days. The purpose is to ensure transparency and give the market timely information about potential changes in control. If the acquisition later exceeds 5 % or 10 % thresholds, additional disclosures and possibly a formal offer to remaining shareholders become mandatory.

Key facts at a glance

Why this matters for investors

The disclosure signals that a new investor or group is building a material stake in Credent Global Finance Ltd. While the exact size of the holding is unknown, the mere filing under Reg 29(2) can lead to heightened scrutiny of the company’s governance and future strategic direction. Should the acquisition cross higher percentage thresholds, the company may be required to make a public offer to all shareholders, potentially affecting share liquidity and control dynamics.

Conclusion

Credent Global Finance Ltd has formally notified the market that DP Global Wealth Management LLP and Vikas Kataria have acquired a substantial shareholding, though the filing does not reveal the scale of the transaction. Investors should monitor subsequent disclosures for any updates on share percentages or further regulatory filings that could clarify the intent and impact of this acquisition.