The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shivanand Shankar Mankekar HUF
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Shivanand Shankar Mankekar HUF along with family members (Mr. Shivanand Shankar Mankekar, Mrs. Laxmi Shivanand Mankekar, and Mr. Kedar Shivanand Mankekar) sold 23,95,479 equity shares (2.94% of paid-up capital) of ArisInfra Solutions in the open market between February 4 and February 6, 2026. The selling was done in seven separate tranches, with the HUF and Mr. Kedar Mankekar being the biggest sellers at 12,00,000 and 9,15,000 shares respectively. Their combined holding dropped from 70,81,718 shares (8.69%) to 46,86,239 shares (5.75%). The sellers have explicitly clarified that they do NOT belong to the promoter or promoter group of the company. The 2%+ change in holding since their last disclosure on February 3, 2026 triggered this Regulation 29(2) disclosure.
This is a non-promoter, open-market selloff of nearly 3% over three days, which may be viewed as a mildly negative sentiment signal for retail investors. However, since these sellers are not part of the promoter group, it does not raise concerns about insider confidence in the company's prospects.