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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Awaiting price reaction for this filing.
Silverstone Consultancy Services Private Limited, which is not part of the promoter group, sold 1,00,000 equity shares (1.67%) of Tavernier Resources Limited through the open market on 9 May 2025. Their holding dropped from 9.46% (5,64,900 shares) to 7.78% (4,64,900 shares). The disclosure was filed on 12 May 2025 under Regulation 29(2) of the SEBI Takeover Regulations, 2011. The target company has 59,79,000 fully paid equity shares of Rs 10 each, and no encumbrance or pledge was involved in this transaction.
A non-promoter entity trimming its stake from above 9% to below 8% may signal reduced conviction from this holder, though the absolute size of the sale is small relative to total shares. Retail investors should track whether further sales follow or if this is a one-off portfolio adjustment.