The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Garima Venture Finance Ltd
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Awaiting price reaction for this filing.
Garima Venture Finance Limited, along with its PAC Dineshsingh Umashankarsingh Kshatriya, sold 8,50,000 equity shares of IEL Limited through open market transactions on BSE on September 15 and 16, 2025. The combined holding dropped from 8.72% (1,13,75,299 shares) to 8.07% (1,05,25,299 shares), a reduction of about 0.65 percentage points. The disclosure is filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011. The seller is explicitly not part of the promoter/promoter group of IEL Limited. The equity share capital remains unchanged at Rs. 13,03,92,486 divided into 13,03,92,486 equity shares of Re. 1 each.
This is a small reduction by a non-promoter substantial shareholder, likely with limited impact on the stock price. No promoter exit or threshold-triggering event is indicated, so retail investors should treat this as routine portfolio rebalancing rather than a meaningful ownership shift.