The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sunshine Fibre Pvt Ltd
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Awaiting price reaction for this filing.
Sunshine Fibre Private Limited, part of the promoter group of Devinsu Trading Ltd, acquired 91,493 equity shares (18.30% of the diluted share capital) via inter-se transfer from three promoter group members — Mrs. Laxmi Jain, Mrs. Sushma Anand Jain, and Mr. Ankit Jain — each of whom sold 6.10% (30,493 / 30,500 / 30,500 shares respectively). The transaction was executed on 19 June 2025 at Rs. 339 per share. Prior disclosure under Regulation 10(5) was made to BSE on 10 June 2025. The acquisition qualifies for an exemption from making an open offer under Regulation 10(1)(a)(iii), which applies to inter-se transfers among promoters. Post-transaction, Sunshine Fibre holds 18.30% in Devinsu Trading, while the three selling promoter individuals now hold zero shares.
This is a reshuffling of ownership within the promoter group rather than a change in total promoter control, so there is likely no material impact on the stock price. Existing shareholders should note that promoter entities have been consolidated under Sunshine Fibre Pvt Ltd, which may centralize decision-making within the group.