The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh Surendrakumar Loonia & Others
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hitesh Surendrakumar Loonia along with Hitesh Kumar Loonia HUF, who are not part of the promoter group, sold 1,96,89,392 equity shares (3.066%) of Growington Ventures India Ltd in the open market between 6 August 2025 and 19 September 2025. Their holding reduced from 5,51,91,586 shares (8.595%) to 3,55,02,194 shares (5.529%) of the company's total share capital. The total share capital of the company remained unchanged at 64,22,15,760 shares. The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
This is a non-promoter shareholder trimming their stake significantly, though they still remain a substantial holder above the 5% disclosure threshold. Such open market selling by a non-promoter can create short-term supply pressure on the stock, but since the seller is not a promoter, it does not signal any change in management or control intent.