The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Madhu Sethia
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Madhu Sethia, a non-promoter shareholder of Growington Ventures India Ltd, has sold 13,255,446 equity shares (2.06% of the company's share capital) through open market transactions on 14th, 15th, and 22nd July 2025. Before the sale, he held 36,900,025 shares (5.75%); after the sale, his holding has come down to 23,644,579 shares (3.68%). The company's total equity share capital remains unchanged at 642,215,760 shares. The disclosure was filed with BSE under SEBI Takeover Regulations.
This is a non-promoter, individual investor reducing his stake via open market sale. While his holding is now below the 5% threshold (down from 5.75% to 3.68%), this is a routine SAST disclosure and not a promoter action. The selling pressure from this single non-promoter shareholder is relatively modest given the company's large float.