The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chetan Karbhari Dhatrak & Others
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The promoter group of Asgard Alcobev Ltd — Mr. Chetan Karbhari Dhatrak, Mr. Karbhari Pandurang Dhatrak, and Mrs. Jayashree Karbhari Dhatrak — have sold their entire shareholding of 8,50,00,000 equity shares (27.28% of total share capital) via an off-market Share Purchase Agreement. The transaction was executed in two tranches: 4,25,00,000 shares on 12/03/2026 and another 4,25,00,000 shares on 13/03/2026. Post-sale, the promoters hold 0% in the company, marking a complete exit from the company. The filing was made under SEBI Regulation 29(2) of the Takeover Code, 2011.
This is a significant event — the promoter group has fully exited the company, removing all insider ownership. Such a complete exit may raise concerns about future strategic direction, but also signals that new owners are taking full control via a private deal. Retail investors should monitor for disclosures about the acquirer and any subsequent changes in management or business strategy.