Announced Fri, 5 Jun · 15:29 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Varigate Advisory Services (P) Ltd

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Price reaction · full curve 14 horizons · vs prior close

+1.9%1-day move

₹107.90

prior close

₹107.90

base price

After-mkt

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AI summary

Varigate Advisory Services (P) Ltd, along with Person Acting in Concert Sanjay Otawat, has disclosed a sale of equity shares in Arman Holdings Limited under Regulation 29(2) of the SEBI Takeover Regulations. A total of 4,000 shares (0.08% of share capital) were sold through the open market on June 3, 2026, by Varigate Advisory Services only. Sanjay Otawat's holding remained unchanged. The seller's combined holding dropped marginally from 8.06% (420,000 shares) to 7.98% (416,000 shares). The seller explicitly clarified that they do not belong to the promoter or promoter group.

Likely market impact

This is a very minor, non-promoter open-market sale representing just 0.08% of equity capital, so it is unlikely to have any meaningful impact on the stock price or shareholder value. Retail investors should note this is a routine SAST compliance disclosure rather than any significant strategic stake change.