The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Srivani Merchants Pvt Ltd
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Awaiting price reaction for this filing.
Srivani Merchants Pvt Ltd has filed a disclosure under SEBI (SAST) Regulation 29(2) with the BSE for Decillion Finance Ltd, reporting a sale of 67,000 equity shares. The shares were sold through a combination of open market and off-market routes. The company's equity share capital is stated as ₹50,00,000 (50 lakhs) both before and after the transaction, indicating the sale did not change the total share capital. The document (heavily garbled by OCR) does not clearly specify whether Srivani Merchants belongs to the promoter/promoter group category.
This is a routine regulatory disclosure triggered by a share sale crossing the SAST reporting threshold. Without clarity on whether the seller is a promoter or a non-promoter entity, the immediate stock price impact is expected to be limited, though investors should monitor whether further disclosures follow.