The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh Surendrakumar Loonia & Other
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Awaiting price reaction for this filing.
Growington Ventures India Ltd submitted a disclosure under SEBI's Substantial Acquisition of Shares & Takeovers Regulations for Hitesh Surendrakumar Loonia and Hitesh Kumar Loonia HUF. The sellers, who are explicitly NOT part of the promoter/promoter group, sold 1,33,08,414 shares (about 2.07% of equity) through open market trades between July 17 and August 5, 2025. Their holding fell from 6,85,00,000 shares (10.667%) before the sale to 5,51,91,586 shares (8.595%) after. The total equity share capital of the company is 64,22,15,760 shares, and no encumbrance (pledge/lien) activity was involved in this transaction.
This is a non-promoter shareholder trimming their stake, so promoter holding and control of the company are unaffected. The continued sale pressure from a sizeable non-promoter holder could weigh on short-term sentiment, but the seller remains above the 5% disclosure threshold at 8.6%.