The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vaishali Kanakia
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Awaiting price reaction for this filing.
Vaishali Kanakia, along with persons acting in concert (Jignesh Kanakia and Kalavati Kanakia), sold 7,49,339 equity shares of KBS India Ltd, representing 0.69% of the company's paid-up share capital, through an open market transaction. Their combined holding reduced from 52,67,790 shares (4.87%) before the sale to 45,18,451 shares (4.18%) after the sale. The filing explicitly states that the seller does NOT belong to the promoter or promoter group of the company. The date of the last sale was 30/06/2025 and the disclosure was submitted on 15th July 2025. Total share capital of the company stands at 10,82,11,880 equity shares.
Since this is a sale by a non-promoter shareholder of a small stake (below 1%), it is unlikely to materially affect the stock price or be of significant concern to retail shareholders. No promoter-level action or pledge event is involved.