Announced Fri, 27 Mar · 15:08 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hemal Desai

Promoter Stake Sell 1pctPromoter Below 50pctOwnership Changes View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-6.3%1-day move

₹131.50

prior close

₹128.55

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.3+0.3—-6.3+1.1+4.9+4.9+7.2+12.2+14.8+21.5+17.4+17.0

Up moveDown movePending

AI summary

Archana Coal Private Limited, part of the promoter group of Available Finance Ltd, sold 8,16,296 equity shares (8.00% stake) at ₹130.34 per share, totaling about ₹10.64 crore on 24th March 2026. The sale was carried out partly as an inter-se transfer within the promoter group and partly through an open market bulk deal. As a result, the promoter entity's holding dropped from 57.224% to 49.224%, falling below the 50% mark. The disclosure was filed under SEBI SAST Regulation 29(2), which applies to changes exceeding 2% in shareholding.

Likely market impact

Promoter stake falling below 50% reduces their absolute control threshold and may be viewed negatively by retail investors. However, part of the transaction is an inter-se transfer within the promoter group, suggesting internal restructuring rather than a full promoter exit.