The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Maxgainz Finserve Pvt Ltd
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Maxgainz Finserve Pvt Ltd, part of the promoter group of Looks Health Services Limited, sold 1,78,862 equity shares (1.70% of total share capital) in the open market on 5th June 2025. After this sale, the promoter group's holding has come down to 19,21,138 shares, which is 18.30% of the company's voting capital, down from 20% earlier. The total equity share capital of the company remains Rs. 10.50 crore comprising 1,05,00,000 shares of Rs. 10 face value. The transaction was carried out purely through open market route and disclosed under SEBI's Substantial Acquisition of Shares and Takeovers Regulations.
This is a mild promoter group stake reduction of less than 2%, which is routine and unlikely to materially impact stock price. Shareholders should note that the promoter group continues to hold a significant 18.30% stake, indicating continued confidence in the company despite this small trim.