The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Glimmer Enterprises Pvt Ltd
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Glimmer Enterprises Pvt Ltd, a non-promoter entity, sold 24,30,905 equity shares (4.51%) of Hit Kit Global Solutions Ltd in the open market between February 12 and 13, 2026. This reduced their holding sharply from 5.48% (29,54,503 shares) to just 0.97% (5,23,590 shares). The disclosure was filed under SEBI's Takeover Regulations because their stake crossed below the 5% disclosure threshold. Hit Kit Global Solutions has a total equity share capital of ₹10.78 crore, comprising 5.39 crore shares of ₹2 each. The shares were sold through normal stock exchange trading.
A non-promoter investor has substantially exited the stock, cutting their stake from over 5% to under 1%, which may indicate a loss of confidence or portfolio rebalancing. Retail investors should watch for any further selling pressure or unusual price movement in the short term.