The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Inovent Solutions Ltd
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Inovent Solutions Limited, part of the promoter group of iStreet Network Ltd, has sold its entire holding of 28,25,525 equity shares, representing 13.27% of the company's equity capital. The transaction was executed off-market on October 24, 2025, pursuant to a Share Purchase Agreement (SPA) dated January 13, 2025. After this sale, Inovent Solutions holds zero shares in iStreet Network, effectively exiting the company. The total equity share capital of iStreet Network stands at 2,13,00,000 shares of Rs. 4 each, unchanged by the transaction. The disclosure was filed under SEBI's SAST Regulations and Insider Trading Regulations by Pradeep Malu, Director of Inovent Solutions.
This is a significant promoter group exit — a 13.27% promoter stake has been completely sold off-market, which could lead to concerns about promoter commitment and potentially impact investor sentiment. The identity of the buyer under the SPA is not disclosed in this filing, so shareholders may want clarity on who has acquired this sizeable block.