Announced Mon, 27 Jul · 19:54 IST
Fairplan Distributors cuts 2% stake in Advik Capital, holding down to 21.74%
Ownership Changes View source PDF
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Fairplan Distributors Pvt Ltd, a non-promoter entity, disclosed a 2% change in its holding in Advik Capital Limited under SEBI SAST Reg 29(2). Stake fell from 23.74% (14,44,63,982 shares) to 21.74% (13,22,93,544 shares), a sale of 1,21,70,438 shares via open market between June 12 and July 24, 2026. No encumbrance involved.
Likely market impact
Non-promoter trimming stake by 2% in open market may signal weaker confidence and could weigh on the stock in the near term.