The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Silverstone Consultancy Services Pvt Ltd
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On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 2.2 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Silverstone Consultancy Services Private Limited, a non-promoter shareholder of Tavernier Resources Limited (Scrip: 531190), sold 1,00,000 shares (1.67% of equity) through open market on April 29, 2025. Its holding fell from 6,64,900 shares (11.13%) to 5,64,900 shares (9.46%), crossing below the 10% disclosure threshold. The acquirer confirmed it does not belong to the promoter/promoter group. Total equity share capital of Tavernier Resources remains Rs 5.97 crore (59.79 lakh shares of Rs 10 each), unchanged before and after the transaction.
A non-promoter shareholder reducing its stake and falling below the 10% threshold may indicate waning confidence from this holder, though the sale size is modest. Retail investors should watch for further selling or any change in overall shareholder pattern of this small-cap stock.