BSECompany Update6d ago · 13 Aug 2026, 08:44 pm
Letter of Intent executed by certain shareholders of the Company with Catye Consultancy Services Private Limited.
Star Housing Finance Ltd · 539017
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Star Housing Finance Ltd has received a letter of intent from Cateye Consultancy Services Private Limited to acquire 33.52% of its paid-up equity share capital from certain promoters and shareholders. The proposed transaction is subject to due diligence, negotiation of price, and regulatory approvals.
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Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk8/10
Balance Sheet Risk4/10
Liquidity Impact7/10
Market Sentiment5/10
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Star Housing Finance Ltd - 539017 - Announcement Under Regulation 30
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DATE: 13.08.2026
ISIN: INE526R01028
SCRIP CODE: 539017
BSE LIMITED,
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai -400001
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015— Letter of Intent executed by certain shareholders of the Company with Cateye Consultancy Services
Private Limited.
Dear Sir / Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
(“LODR Regulations”), we wish to inform you that the Company has received an intimation on 13th August 2026
from certain of its promoters, members of the promoter group and other shareholders (“Proposed Sellers”)
regarding execution of a Letter of Intent dated 16th July 2026 (“LOI”) with M/s. Cateye Consultancy Services
Private Limited (“Proposed Acquirer”).
Under the LOI, the Proposed Acquirer has expressed its intent to acquire 2,64,78,962 equity shares of the
Company, constituting 33.52% of the paid-up equity share capital of the Company, from the Proposed Sellers,
at a price to be negotiated between the parties in due course.
The Company is not a party to the LOI. The list of Proposed Sellers are set out in the Annexure A to this letter.
The LOI is a preliminary, non-binding document in respect of the proposed transaction and is subject to, inter
alia, completion of due diligence to the satisfaction of the Proposed Acquirer, negotiation and agreement of
price, execution of a definitive Share Purchase Agreement, compliance with the SEBI (Substantial Acquisition of
Shares and Takeovers) Regulations, 2011, if and as applicable, and receipt of the prior approval of the Reserve
Bank of India being a housing finance company, and other applicable statutory and regulatory approvals.
There is no certainty that the proposed transaction will be consummated.
This is for your information & records.
Thanking you,
For Star Housing Finance Limited
Nachiketa Purohit
Company Secretary & Compliance Officer
M.No. A25011
Enclosure: As above
Annexure A
List of Proposed Sellers
Sr. Name of Proposed Seller Category
No. (Promoter / Promoter Group / Public)
1 Pushpa Nagda Promoter Group
2 Ashish Jain Promoter Group
3 Kavish Jain Promoter Group
4 Surbhi Jain Promoter Group
5 Vinita Sureshkumar Jain Promoter Group
6 Kavish Jain (HUF) Promoter Group
7 Ashish Jain (HUF) Promoter Group
8 Dipesh Jain Promoter Group
9 Jenisha Jain Promoter Group
10 Manju Devi Jain Promoter Group
11 Akme Build Estate Limited Promoter Group
12 Akme Automobiles Private Limited Promoter Group
13 Anil Kumar Jain Promoter
14 Aarsh Fincon Limited Promoter Group
15 Kailash Jain Promoter Group
16 Vimal Jain Promoter Group
17 Ravindra Jain Promoter Group
18 Shilpa Jain Promoter Group
19 Arkfin Investments and Advisors Private Public
Limited