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 1,73,58,656 equity shares (2.70% of the company's share capital) through open market transactions on 24 July 2025 and 25 August 2025. This reduced his shareholding from 23,644,579 shares (3.68%) to 6,285,923 shares (0.98%). The disclosure was filed under SEBI's SAST Regulation 29(2), which is triggered when a shareholder's holding changes by more than 2% of the company's share capital.
This is a significant reduction in stake by a non-promoter shareholder, bringing their holding well below 1%. Such a large open market sale could create temporary selling pressure on the stock, but since the seller is not a promoter, it does not affect promoter holding or signal any change in company fundamentals.