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/promoter group of Looks Health Services Ltd, sold 1,50,000 equity shares (1.43%) of the company through open market on 6th June 2025. Before the sale, the entity held 19,21,138 shares (18.30%); after the sale, its holding stands at 17,71,138 shares (16.87%). The transaction was carried out on BSE, where the company's shares are listed. The company's total equity share capital remains unchanged at Rs. 10.50 crore (1,05,00,000 shares of Rs. 10 each).
This is a promoter-group entity trimming its stake by about 1.43% via open market, which may be viewed as a mild negative signal by retail investors as it indicates some promoter-level selling, though the entity still retains a meaningful 16.87% holding.