The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mohammed Fasihuddin
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Promoter Mohammed Fasihuddin sold 2,20,000 equity shares of New Markets Advisory Limited on 29 May 2025 through an off-market transaction. This reduced his stake from 72.80% (9,02,750 shares) to 55.06% (6,82,750 shares) of the company's total equity capital of 12,40,000 shares. Despite the sizeable sale, he continues to hold a majority stake above the 50% threshold. The disclosure was filed under SEBI's Takeover Regulations, and the shares were sold off-market rather than on the exchange.
Shareholders should note a notable reduction in promoter holding, though Fasihuddin remains the controlling shareholder above 50%. The off-market mode suggests a negotiated transaction with a specific buyer rather than a broad market sale.