The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashok Shanabhai Patel
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Ashok Shanabhai Patel, a non-promoter shareholder of India Home Loan Ltd, has disclosed the sale of his entire holding of 12,32,810 equity shares, which represents 8.63% of the company's total share capital. The transaction is being executed off-market via a Share Purchase Agreement (SPA) dated 5th September 2025, with completion expected by 31st October 2025. Before the transaction, Patel held 12,32,810 shares (8.63%), and after the disposal, his holding will be reduced to zero. The company's total equity share capital remains unchanged at 1,42,81,755 shares of Rs. 10 face value.
This is a complete exit by a non-promoter shareholder. Since the seller is not part of the promoter group, it does not directly affect promoter control or promoter holding. The change in ownership could slightly impact stock liquidity in the short term, but no immediate price impact is expected as the transfer is off-market.