The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Garima Venture Finance Ltd & Dineshsingh Umashankarsingh ....
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Garima Venture Finance Ltd, along with PAC Dineshsingh Umashankarsingh Kshatriya, has disclosed an open market sale of 3,50,000 equity shares of IEL Ltd (face value Re. 1) on BSE on 1st September 2025. The seller is not part of the promoter/promoter group. Garima Venture's pre-holding of 1,13,85,252 shares (8.73%) reduced to 1,10,35,252 shares (8.46%), while the PAC's holding of 25,46,118 shares (1.95%) remained unchanged. Combined pre-holding was 10.68%, which dropped to 10.41% post-sale. The total equity share capital of IEL Ltd stands at Rs. 13,03,92,486 (13.03 crore shares).
This is a minor (~0.27%) reduction in holding by a non-promoter shareholder, so limited direct impact on stock price. Investors may note that the combined stake still remains above 10%, meaning future transactions will continue to attract SAST disclosure requirements.