The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Aveen Kaur Sood
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Aveen Kaur Sood, part of the promoter group of CMX Holdings Ltd (formerly SIEL Financial Services), sold a total of 11,83,663 equity shares (about 10.44% of paid-up capital) through open market sales between 19 May 2025 and 16 June 2025 across four tranches. Her stake dropped from 70,54,565 shares (62.014%) before the sales to 58,70,902 shares (51.755%) after. The equity share capital remains unchanged at 1,13,43,752 shares. Despite the significant trimming, she continues to hold majority control with stake still above the 50% threshold.
This is a sizeable promoter exit of over 10 percentage points in less than a month, which may weigh on the stock sentiment. However, since she remains the majority holder above 50%, control of the company does not change hands. Retail investors should watch for further disclosures to see if the selling continues and pushes the promoter below the 50% mark.