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
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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.