The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dvara Trust
NORTHARC · price
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Dvara Trust (acting through Dvara Holdings), a non-promoter shareholder in Northern Arc Capital, sold 9,55,000 shares via the open market on April 9, 2025, at 0.59% of total share capital. These sold shares were the ones held as encumbrance/pledge with Catalyst Trusteeship Limited. As a result, Dvara Trust's total holding fell from 82,99,258 shares (5.14%) to 73,44,258 shares (4.55%), pushing it just below the 5% SAST disclosure threshold. The filing notes that this disposal does not technically trigger any regulatory threshold requiring disclosure, and is being submitted as a matter of good governance.
For retail investors, this signals that a major institutional holder has trimmed its position and slipped below the 5% disclosure mark, which can create mild overhang concerns. The fact that the shares sold were the pledged ones suggests possible pledge-related selling pressure, but no promoter action is involved.