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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On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 1.0 pts more than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Garima Venture Finance Ltd, along with person acting in concert (PAC) Mr. Dineshsingh Umashankarsingh Kshatriya, sold 7,34,071 equity shares of IEL Limited through open market transactions on BSE on 2nd and 3rd September 2025. Their combined pre-transaction holding stood at 1,35,81,370 shares (10.41% of paid-up capital), which reduced to 1,28,47,299 shares (9.85%) after the sale. The filing explicitly states that the sellers do NOT belong to the promoter or promoter group of IEL Limited. As a result of this disposal, the sellers' holding has fallen below the 10% threshold, triggering this disclosure under the SEBI Takeover Regulations.
This is a non-promoter, open-market share sale that may exert mild selling pressure on the stock. The fact that the sellers crossed below the 10% holding mark means further sales could lead to additional disclosures but does not trigger any mandatory open offer obligations.