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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Silverstone Consultancy Services Private Limited, which is not part of the promoter or promoter group, has sold 1,00,000 equity shares (1.67%) of Tavernier Resources Limited through the open market. Before the sale, Silverstone held 8,64,900 shares (14.47%) of Tavernier; after the disposal, its holding stands at 7,64,900 shares, reported as 12.80% of the total share capital. The transaction was carried out on the BSE and the equity capital of Tavernier remains Rs. 5.97 crore (59,79,000 shares of Rs. 10 each). This is a routine Regulation 29(2) disclosure filed to report the change in substantial shareholding.
Since the seller is not a promoter or part of the promoter group, this is a minor non-promoter stake reduction and is unlikely to materially affect the stock price or governance of Tavernier Resources Limited.