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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Awaiting price reaction for this filing.
Maxgainz Finserve Pvt Ltd, part of the promoter/promoter group of Looks Health Services Limited, sold 20,761 equity shares (0.20% of total voting capital) through the open market on September 1, 2025. Before the sale, the entity held 12,74,835 shares (12.14%); after the sale, its holding stands at 12,54,074 shares (11.94%). The company's total equity share capital remains Rs. 10.50 crore, comprising 1.05 crore shares of Rs. 10 each. The disclosure has been filed under Regulation 29(2) of SEBI's Takeover Regulations, 2011.
This is a small, routine promoter-group trimming of around 0.20% stake — likely a minor portfolio rebalancing rather than a strategic exit. With promoter holding still at ~11.94% (well below 50%), retail investors should note the already-low promoter stake but this specific sale is too small to materially affect share price or control dynamics.