The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Daksha Ashokbhai Patel
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Daksha Ashokbhai Patel has entered into a Share Purchase Agreement (SPA) on 5 September 2025 to sell her entire holding of 6,00,000 equity shares (4.20% of voting capital) in India Home Loan Limited through an off-market transaction. The deal is to be completed before 31 October 2025, after which her holding will drop from 4.20% to NIL. The company's total equity share capital remains 1,42,81,755 shares of face value Rs. 10 each, and no encumbrances or convertible instruments are involved. The mode of sale is off-market, and the disclosure is filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
This is a complete exit by a shareholder who held a meaningful 4.2% block in the company. While the off-market route avoids immediate price pressure, investors will want to know the buyer's identity and whether the transaction changes the company's promoter or major shareholder structure.