The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Arihant Capital Markets Ltd
DAVANGERE · price
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Awaiting price reaction for this filing.
Arihant Capital Markets Ltd, a non-promoter entity, sold 1,72,75,157 equity shares (1.21%) of Davangere Sugar Company Ltd through the open market on January 28, 2026. Before the sale, Arihant held 8,03,77,839 shares (5.62%); after the sale, its holding stands at 6,31,02,682 shares (4.41%). The total equity share capital of Davangere Sugar is 1,42,99,90,798 shares of Rs. 1 each. The disclosure was filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011.
A non-promoter shareholder has trimmed its stake and dropped below the 5% substantial shareholder threshold, which may be read as a mild negative signal for the stock. However, since the seller is not a promoter and the shares were sold in the open market, the impact on retail investors is limited unless it triggers further selling pressure.