The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh Surendrakumar Loonia & Others
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Awaiting price reaction for this filing.
Hitesh Surendrakumar Loonia along with Hitesh Kumar Loonia HUF sold 1,33,08,414 equity shares (2.072% of total share capital) of Growington Ventures India Ltd through open market between 17 July 2025 and 5 August 2025. Their combined holding dropped from 6,85,00,000 shares (10.667%) to 5,51,91,586 shares (8.595%) after the sale. The disclosure clearly states the sellers do not belong to the promoter or promoter group, making this a non-promoter shareholder transaction. The filing has been made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
A non-promoter substantial shareholder has trimmed holdings by over 2%, taking their stake below the 10% disclosure threshold. This could create mild short-term sentiment pressure on the stock, though no promoter or pledge-related concerns are involved.