The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashva Energy Pvt Ltd
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ashva Energy Pvt Ltd, a promoter group entity of Krishna Ventures Ltd, sold 10,00,000 shares (9.26% of total share capital) through an off-market transaction on May 20, 2025. This reduced the promoter group entity's stake from 20.56% (22,20,849 shares) to 11.30% (12,20,849 shares) of the company. The total equity share capital of Krishna Ventures Ltd stands at 1,08,00,000 shares of Rs. 10 each (Rs. 10.8 crore). The disclosure was filed under Regulation 29(2) of SEBI SAST Regulations, 2011, which mandates reporting when a promoter group's shareholding changes by 2% or more in a financial year.
This is a significant reduction in promoter group stake (nearly halved from 20.56% to 11.30%), which may be viewed negatively by retail investors as it suggests promoter exit or restructuring. Off-market sales (rather than open market) often indicate negotiated transactions and could signal strategic changes at the promoter level.