The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jigar Sheth & Vinodbhai Sheth
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Awaiting price reaction for this filing.
Promoters Jigar Sheth and Vinodbhai Sheth sold a combined 36,000 shares (0.97% of equity) of Gconnect Logitech and Supply Chain Ltd via open market transactions between July 21 and July 22, 2025. Jigar Sheth sold 10,500 shares (0.28%), reducing his stake from 27.69% to 27.41%, while Vinodbhai Sheth sold 25,500 shares (0.69%), taking his holding from 14.23% to 13.54%. Combined promoter group holding dropped from 41.92% (15,59,297 shares) to 40.95% (15,23,297 shares) post-sale. The company's total equity share capital remains unchanged at 37,195,470 shares.
A modest promoter sell-off in the open market; promoter group still holds over 40% so no takeover risk, but continued reductions could be read as promoter profit booking and may weigh slightly on sentiment.