Credent Global Finance Ltd files SEBI Reg 29(1) disclosure for DP Global Wealth Management LLP and PAC

What Credent Global Finance Ltd announced

Credent Global Finance Ltd (BSE: 539598) filed a disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on 17 June 2026. The filing informs the market that DP Global Wealth Management LLP and PAC have acquired a substantial block of Credent’s shares, triggering the mandatory reporting requirement.

"The Exchange has received the disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011 for DP Global Wealth Management LLP & PAC."

The company did not provide further quantitative details such as the number of shares acquired, the percentage of total equity, or the consideration paid.

Parties involved and regulatory context

• Acquirers: DP Global Wealth Management LLP and PAC (the filing does not specify the legal form of PAC).
• Regulatory trigger: Under SEBI’s SAST Regulations, any entity acquiring 5% or more of a listed company's equity must file a Reg 29(1) notice within two trading days of the acquisition.
• Filing date: 17 June 2026, timestamp 04:45:38 UTC.

The notice is a compliance document; it does not itself constitute approval of the transaction. The acquirers may still need to seek shareholder or board approvals depending on the size of the stake.

Key facts at a glance

Why this matters for investors

The Reg 29(1) filing signals that a new investor or group of investors has taken a material position in Credent Global Finance Ltd. While the exact size of the stake is not disclosed, the requirement to file indicates that the acquisition likely meets or exceeds the 5% threshold that triggers mandatory reporting. Investors should monitor subsequent disclosures for details on the percentage held, the purpose of the acquisition, and any potential changes to the company’s governance or strategic direction.

Conclusion

Credent Global Finance Ltd has complied with SEBI’s SAST regulations by reporting a substantial share acquisition by DP Global Wealth Management LLP and PAC on 17 June 2026. The filing does not reveal the magnitude of the stake or the transaction value, and further information may be released in future disclosures as required by the regulator.