The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sixth Sense India Opportunities III & Nikhil Vora
PARAGMILK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 2.0 pts more than its Dairy Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Sixth Sense India Opportunities III (SSIO-III), a Category II Alternative Investment Fund (AIF), sold 21,47,577 shares (2.04% of share capital) of Parag Milk Foods via open market. The sales were done in two tranches: 20,29,830 shares between September 15–23, 2025, and 1,17,757 shares on November 14, 2025. Post-sale, SSIO-III's holding dropped from 7.10% (84,77,945 shares) to 5.06% (63,30,358 shares); on a fully diluted basis, the fall is from 6.58% to 4.71%. The disclosure is filed under SEBI Takeover Regulations because the November 14 sale triggered the 2% change threshold since the last disclosure on July 30, 2024. The seller has confirmed it is NOT part of the promoter/promoter group, and no shares were encumbered.
This is a non-promoter institutional investor (AIF) trimming its stake through normal market sales — not a promoter exit or a distress sale. The seller has cut its holding by roughly a third but still remains above the 5% disclosure threshold, so the float remains broadly intact.