The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for S S Ganesh
DAVANGERE · price
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On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 2.0 pts more than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Davangere Sugar Company has informed the exchanges that promoter S.S. Ganesh has filed a disclosure under SEBI's Takeover Regulations regarding a sale of equity shares in the company. Before the transaction, S.S. Ganesh held around 2.47 crore equity shares representing 26.28% of the total voting share capital. The filing confirms the seller belongs to the promoter/promoter group, and shares of the company are listed on NSE. The actual number of shares sold and the post-sale holding are not fully visible in the excerpt provided, but the disclosure itself was triggered because the sale crossed the regulatory threshold.
This signals a promoter-group reducing its stake in Davangere Sugar Company, which retail investors typically view as a mildly negative signal since insiders selling can imply weaker conviction. Existing shareholders should watch for the post-sale holding figure in the next filing to gauge how material the trimming is.