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, has sold 50,000 equity shares (0.48%) of the company through open market on December 19, 2025. Prior to the sale, the entity held 7,16,944 shares (6.83%), which has now reduced to 6,66,944 shares (6.35%). The company has a total equity share capital of Rs. 10.50 crore comprising 1,05,00,000 shares of Rs. 10 face value. The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations.
This is a small open-market sale by a promoter group entity, trimming its holding from 6.83% to 6.35%. While the size is modest and unlikely to move the stock price meaningfully, retail investors should watch for any further selling by promoter group entities, as repeated disposals can be a negative signal about insider confidence in the company.