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 Ltd, along with its person acting in concert (PAC) Mr. Dineshsingh Umashankarsingh Kshatriya, disclosed the sale of 4,00,000 equity shares of IEL Ltd via open market on BSE on 12th September 2025 under SEBI SAST Regulations 29(2). Garima's stake fell from 7.08% to 6.77%, while the PAC's 1.95% stake remained unchanged, bringing combined holding down from 9.03% to 8.72%. The filing clarifies that the acquirer does NOT belong to the promoter/promoter group of IEL Ltd. IEL Ltd's total equity capital stands at Rs. 13,03,92,486 divided into 13,03,92,486 equity shares of Re. 1 each.
This is a non-promoter trimming position by a small financial investor, which usually carries limited negative signalling impact. The 0.31 percentage point combined drop is modest and unlikely to materially move the stock, though retail investors may note that a non-promoter shareholder holding near the 10% disclosure mark is reducing exposure.