DP Global Wealth Management LLP Increases Stake in Credent Global Finance Ltd
DP Global Wealth Management LLP has acquired an additional stake in Credent Global Finance Limited. The acquisition was completed on June 12, 2026, through the open market.The acquirer and associated Person Acting in Concert (PAC) is DP Global Wealth Management LLP and Vikas Kataria.
Before the transaction, the holding of DP Global Wealth Management LLP along with PACs was noted as follows:
- Shares carrying voting rights stood at 2.03%.
- A portion of shares in the nature of encumbrance (pledge/lien/non-disposal undertaking/others) accounted for 7,33,000 shares or 1.19%.
The acquisition saw the acquirer increase its total holding by 1.19%, which corresponds to 7,33,000 shares in the nature of encumbrance.
Following this acquisition, DP Global Wealth Management LLP's stake has risen. The company now holds a 3.22% shareholding.
Details of the shareholding and acquisition are presented below:
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Carrying Voting Rights (Total) | 2.03% | 3.22% |
| Shares in Encumbrance (Pledge/Lien/etc.) | 1.19% | 3.22% |
The mode of acquisition was identified as Open Market.
Target Company Financials Summary
A review of the company’s equity and voting capital before and after the said acquisition reveals consistent figures for the target company, Credent Global Finance Limited.
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Equity Share Capital/Total Voting Capital | Rs. 12,29,22,460 (comprising 6,14,61,230 Equity Shares of Face Value Rs. 2/- each) | Rs. 12,29,22,460 (comprising 6,14,61,230 Equity Shares of Face Value Rs. 2/- each) |
| Total Diluted Share/Voting Capital | Rs. 12,29,22,460 (comprising 6,14,61,230 Equity Shares of Face Value Rs. 2/- each) | Rs. 12,29,22,460 (comprising 6,14,61,230 Equity Shares of Face Value Rs. 2/- each) |
Stock Price Movement
Credent Global Finance Ltd. shares are ticking down as of 10:17, currently trading at ₹29.38, reflecting a -0.20% movement. The stock has seen active intraday movement, having tested lows of ₹28.28 and highs reaching ₹30.35.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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