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 its entire holding of 1,50,000 equity shares (1.43% of the company's share capital) through the open market on December 29, 2025. Before the sale, the entity held 1,50,000 shares (1.43%); after the sale, its holding stands at 0 shares (0.00%). The total equity share capital of the company remains unchanged at Rs. 10.50 crore (1.05 crore shares of Rs. 10 each). The transaction was carried out at the BSE where the company is listed (scrip code 534422).
A complete exit by a promoter-group entity may signal reduced confidence or portfolio rebalancing by the promoter group, which could weigh on investor sentiment. However, since the stake sold is small (1.43%), the immediate price impact is likely limited unless it signals broader promoter disinterest.