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 group of Looks Health Services, sold 49,998 equity shares (0.48%) in the open market on 20th June 2025. Post-sale, Maxgainz's holding in voting shares dropped from 16,71,667 shares (15.92%) to 16,21,669 shares (15.44%). Encumbered shares remained unchanged at 49,998 (0.48%). The company's total equity capital stands at ₹10.50 crore, comprising 1,05,00,000 shares of ₹10 each. The disclosure was filed under SEBI's SAST Regulation 29(2).
This is a small promoter-group sell-off of under 0.5% of stake and is unlikely to move the stock materially. However, it reflects some trimming by the promoter entity, though Maxgainz continues to hold a meaningful 15.44% stake.