The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Harshavardhan Patil & PACs
KOLTEPATIL · price
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Mr. Harshavardhan Patil, part of the promoter group of Kolte-Patil Developers, sold 53,88,377 equity shares (6.0762% of paid-up capital) on 11 August 2025 through an off-market transaction. This sale is part of a larger Share Purchase Agreement among promoter family members (Rajesh Patil, Naresh Patil, Milind Kolte, and their family members) covering 25.7% of the company's equity. Before the sale, Harshavardhan held 73,00,000 shares (8.2318%); after the sale, his holding drops to 19,11,623 shares (2.1556%). The total share capital of the company remains unchanged at 88,68,00,940 shares, indicating this is an inter-se promoter family transfer rather than a sale to outside parties.
Since the transaction is an off-market inter-se transfer among promoter family members under a Share Purchase Agreement, it is likely a promoter group restructuring with no new dilution or change in overall promoter control. Retail investors should monitor whether the broader 25.7% SPA leads to any change in ultimate promoter control or significant open-market selling.