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 Ltd, part of the promoter group of iStreet Network Ltd, has sold 42,50,000 equity shares (19.95% of the company's share capital) through an off-market transaction under a Share Purchase Agreement dated January 13, 2025. The sale was completed on September 16, 2025, reducing Inovent Solutions' holding from 70,75,525 shares (33.22%) to 28,25,525 shares (13.27%). The company has a total equity share capital of 2,13,00,000 shares of Rs. 4 each. The disclosure was filed under SEBI (SAST) Regulations 2011 and Insider Trading Regulations 2015.
This is a major promoter group exit, with nearly one-fifth of the company changing hands in a single off-market deal. Shareholders should note that promoter group control has significantly weakened, dropping from 33.22% to 13.27%, which may affect governance and future strategic decisions. The off-market nature means the price and buyer identity are not publicly disclosed in this filing.