The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashok Shanabhai Patel & Daksha Patel
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On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 2.2 pts more than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoters Mr. Ashok Shanabhai Patel and Mrs. Daksha Ashokbhai Patel have sold their entire holding of 18,32,810 equity shares (12.83% of share capital) in India Home Loan Ltd through an off-market transaction on 30 September 2025. Ashok Patel sold 12,32,810 shares and Daksha Patel sold 6,00,000 shares. After the sale, their combined holding stands at zero, meaning these two promoters have fully exited the company. The total equity capital of the company remains unchanged at 1,42,81,755 shares of face value Rs. 10 each. The sale price is not disclosed in the filing, as the transaction was conducted off-market.
This is a significant negative signal for retail investors — two promoters have completely exited their positions, which may indicate a loss of confidence in the company's future prospects. Shareholders should watch for potential price pressure and seek clarity on the identity of the buyer, as off-market promoter exits can sometimes signal underlying concerns.