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.
Hitesh Surendrakumar Loonia and Hitesh Kumar Loonia HUF (HUF) sold 1,96,89,392 equity shares of Growington Ventures India Ltd in the open market, equivalent to 3.066% of the company's total share capital. The sale was carried out between August 6, 2025 and September 19, 2025. Before the transaction, the sellers held 5,51,91,586 shares (8.595%), which dropped to 3,55,02,194 shares (5.529%) after the sale, taking their holding below the 5% threshold. The filing explicitly clarifies that the sellers do not belong to the promoter or promoter group. The disclosure was made under SEBI's Takeover Code because the sale exceeded the 2% annual reporting limit.
Since the seller is not a promoter, there is no direct impact on promoter holding or any takeover-related concern for retail investors. However, a large open-market block sale of over 1.96 crore shares in a short window could create temporary supply pressure on the stock.