The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Elevation Capital V Ltd
ARMANFIN · price
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On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 1.4 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Elevation Capital V Limited, a Mauritius-based investor (not part of the promoter group), has sold 2,31,430 equity shares of Arman Financial Services Limited in the open market on 14 November 2025. This represents 2.20% of the company's total share capital. As a result, Elevation Capital V's holding has come down from 12.55% (13,19,530 shares) to 10.35% (10,88,100 shares). The disclosure was filed under SEBI's Takeover Regulations on 17 November 2025. The company's total equity share capital remains unchanged at Rs. 10.51 crore comprising 1,05,12,921 shares of Rs. 10 each.
A foreign portfolio investor trimming its stake by over 2% via open market sale signals some reduction in institutional confidence, though the investor still holds above 10%. This could create mild short-term selling pressure on the stock, but Arman Financial Services continues to have meaningful foreign institutional participation.