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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Garima Venture Finance Limited, along with its PAC Mr. Dineshsingh Umashankarsingh Kshatriya, has disclosed a sale of 10,72,000 equity shares of IEL Limited (Scrip Code: 524614) through open market on BSE on 10th and 11th September 2025. Garima Venture Finance's stake fell from 7.90% (1,03,01,181 shares) to 7.08% (92,29,181 shares), while the PAC's holding remained unchanged at 1.95% (25,46,118 shares). Combined holding of the acquirer and PAC reduced from 9.85% to 9.03% of IEL's paid-up equity capital. The filing confirms the acquirer does not belong to the promoter/promoter group, and the target's share capital remained unchanged at Rs. 13,03,92,486 (13,03,92,486 equity shares of Re. 1 each).
This is a non-promoter entity trimming its stake in IEL Ltd via open market sales, which may create mild supply-side pressure on the stock. The sale is modest in size and the combined holding stays well below the 10% trigger threshold, so regulatory or governance implications for shareholders are limited.