Network People Services Technologies Limited has informed the Exchange regarding 'Disclosure as per Regulation 29(2) of SEBI(Substantial Acquisition of Shares and Takeover) Regulations, 2011'.
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Awaiting price reaction for this filing.
Three promoters of Network People Services Technologies — Savita Vashist, Deepak Chand Thakur, and Ashish Aggarwal — together sold 5,33,333 equity shares (face value ₹10) through the open market on NSE on August 11, 2025. The combined sale represents about 2.75% of the company's total paid-up share capital. Savita Vashist sold 2,10,000 shares (1.08%), Deepak Chand Thakur sold 1,63,333 shares (0.84%), and Ashish Aggarwal sold 1,60,000 shares (0.82%). As a result, the promoter group's combined holding fell from 67.53% to 64.75% of the company. No encumbrance (pledge/lien) details were reported as part of this transaction.
This is a mild negative signal for the stock, as promoter selling can put short-term pressure on the price and may dent retail investor confidence. However, the promoter group still retains a strong majority stake of 64.75%, so control of the company remains firmly with them.