The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nipa Haria
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Awaiting price reaction for this filing.
Nipa Haria, a non-promoter shareholder of Rose Merc Ltd, sold 2,20,000 equity shares (3.97% of paid-up capital) in the open market on October 15, 2025. Her holding in the company dropped from 4,88,500 shares (8.82%) to 2,68,500 shares (4.85%). The company's total paid-up equity capital remains unchanged at 55,37,268 shares of Rs. 10 each (Rs. 5.54 crore). The disclosure was filed under SEBI Takeover Regulations to report the reduction in her shareholding.
A non-promoter reducing her stake from nearly 9% to under 5% signals a loss of confidence or portfolio reshuffle by this shareholder. However, since she is not a promoter and her post-sale holding remains meaningful at 4.85%, the direct impact on share price is likely limited unless other large holders follow suit.